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Friday, January 24, 2014

Republicans Propose ‘Honest’ Tax Cuts for Connecticut

By Keith M. Phaneuf

www.ctmirror.org

Connecticut House Republicans have proposed $247 million in consumer and business tax cuts –- moves they insist won’t worsen the big budget deficit projected for next year.

In a press conference today, GOP lawmakers said they want to give small businesses a one-time break on their unemployment assessments, accelerate the return of a sales tax exemption on clothing and restore another exemption for over-the-counter medicine.

Republicans are worried that Gov. Dannel P. Malloy and his fellow Democrats in the legislature’s majority will use this year’s budget surplus to temporarily finance big election-year tax breaks. After that contest, officials would seek a permanent solution to maintain those tax breaks, such as raising other taxes or cutting programs.

It’s better, House Republicans said, to find a way to both provide – and sustain – those tax cuts now.

Click here for more of story

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