Bross Chingas Bross Real Estate, Riverside Realty, #1 Team in Westport 2013-2015 Per CMLS; Over One BILLION Dollars in Career Sales
The Loading Dock brings the vibe and style of a New York City SoHo loft to the heart of Stamford, Connecticut.  (203) 357-7400
WestportREADs Screening of In & Out” January 28, 4pm, Westport Town Hall
Your 24/7 News Source

Thursday, December 06, 2012

Are State Tax Increases Really Out of the Question ?

By Keith M. Phaneuf

www.ctmirror.org

With the governor trying to discourage talk of a tax increase while red ink projections for the next state budget continue to grow, some at the Capitol are testing the definition of a tax hike.

More specifically, if a temporary tax increase is supposed to expire next year, is extending that rate a little longer an honest-to-Hoyle’s tax hike, or a legitimate loophole?

That question has Connecticut corporations and electricity generators in the fiscal crosshairs as officials grapple with a projected revenue shortfall of as much as $1.2 billion in the 2013-14 budget.

“I don’t think that [tax increases] are off the table,” Sen. Toni Harp, D-New New Haven, co-chairwoman of the Appropriations Committee, said following a budget briefing last week. “Things do not have to expire. Continuing them is not a new tax.”

Click here for more of story

       Share

Posted 12/06/12 at 10:02 PM



Comments

Comment Policy

<< Back to main

Register / Log in

Registration is required to post comments.
Sign Up  •  Login
Comment Policy

sponsors
Discover Earthplace! Visiting Nurse and Hospice of Fairfield County, Connecticut WestportNow Year in Pictures 2015 Give to Public Schools in Need! - Go to DonorsChoose.org