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State Income Tax

Politics
CT Earned Income Tax Credit To Increase: Here's Who's Affected CT Earned Income Tax Credit To Increase: Here's Who's Affected
CT Earned Income Tax Credit To Increase: Here's Who's Affected Thousands of low-to-moderate income working individuals and families in Connecticut will see a significant boost in their state income tax credits under the newly signed state budget. Gov. Ned Lamont announced that the Connecticut Earned Income Tax Credit is scheduled to increase from 23 percent of the federal credit to 30.5 percent this year. In total, the new budget will result in an additional $40 million being delivered to the nearly 195,000 households that are eligible for the tax credit, for a total of $158 million. The Connecticut Earned Income Tax credit was created in 2011. The n…

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by Zak Failla
Politics
CT Income Tax Cut Could Be Tied Into Tolls Deal, Widening I-95 CT Income Tax Cut Could Be Tied Into Tolls Deal, Widening I-95
CT Income Tax Cut Could Be Tied Into Tolls Deal, Widening I-95 Gov. Ned Lamont is considering a modest reduction in state income tax if electronic highway tolls are approved. The proposed compromise is part of a 52-page document on transportation funding released on Wednesday, June 19 as Lamont met with legislative leaders on tolls, which were removed from Connecticut highways in 1983. Lamont suggested specific projects to reduce congestion on Interstate 95 in Fairfield County. With an influx of $700 million in tolls, the state could afford to widen parts of I-95 south of New Haven, he said. But the governor said the state needs $2 billion-a-year to b…

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by Jon Craig
Politics
CT Residents Weigh In On Lamont Job Approval In Brand-New Poll CT Residents Weigh In On Lamont Job Approval In Brand-New Poll
CT Residents Weigh In On Lamont Job Approval In Brand-New Poll Connecticut Gov. Ned Lamont’s disapproval rating has hit 40 percent, according to a newly released poll from Sacred Heart University’s Institute for Public Policy. According to the poll, two-fifths of Connecticut residents “disapprove” of the way Ned Lamont is performing as governor, including 64.1 percent of Republicans and 47.8 percent of unaffiliated voters. Lamont has a 24.1 percent disapproval rating among Democrats that were polled. The poll found that the highest percentage of residents “approve” the way the governor is handling healthcare at 29.6 percent, while the lowest number of …

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by Zak Failla