Reducing Taxes on Individuals and Businesses
Current Problems
According to the Pacific Research Institute, Connecticut ranks third highest in the country for the percentage of income taken for taxes at the state and local level.
Since 2002 our state has had the highest cost of government in the nation
Connecticut is also the only state in the union to have fewer private sector jobs in 2009 than in 1989. Michigan and California are better off than Connecticut in that category.
Moody's gives Connecticut the third worst bond rating in the nation with an AA3- (AA3 negative). Only California and Louisiana have worse ratings
What Will Kathy Do?
Work to:
- Prevent any additional taxes or increases in taxes to be levied on businesses or individuals such as capital gains, income tax, fees and surcharges, or the newly proposed State Property Tax
- Eliminate the business entity tax
- Reduce all recently doubled licensing fees to the previous level
- Reduce the state income tax rate
Current Pending Tax & Liability Legislation in the CT Assembly
- SB No. 161 An Act Establishing A State-Wide Property Tax to assess a state-wide property tax:
- SB No. 162 An Act Concerning An Increase In The Hotel Tax from 12% to 14%:
- HB5190 - An Act Concerning The Deductibility Of Non-Cash Compensation For Purposes Of The Corporation Business Tax:
- HB5191 - An Act Concerning A Progressive Corporate Income Tax:
- HB5206 - An Act Providing An Individual The Right To Bring A Discriminatory Practice Action In Superior Court Rather Than the Commission On Human Rights And Opportunities: