Light Rain Fog/Mist 45°
Tag:

Debt

Politics
'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget 'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget
'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget  In his first proposed state budget, Connecticut Gov. Ned Lamont called for an overhaul of the state’s sales tax system, “sin” taxes and laid out ways to start digging the state out of debt. On Wednesday, Feb. 20, in the Hall of the House of Representatives in the State Capitol, Lamont discussed his proposed budget, a two-year, $43.1 billion taxing and spending plan. The budget includes a “sin” tax levy on a variety of products, including alcohol, sugary drinks, plastic bags and vaping products. Single-use plastic bags would come with a 10 cent tax, while wine and liquor will include a…

SHARE

by Zak Failla
Business
Retailer Nine West Files For Bankruptcy Retailer Nine West Files For Bankruptcy
Retailer Nine West Files For Bankruptcy Women's clothing and footwear company Nine West announced on Friday that it has filed for bankruptcy, listing debts of more than $1 billion. The company, which owns brands such as Gloria Vanderbilt and Anne Klein, also announced it will sell its Nine West and Bandolino footwear and handbag business to Authentic Brands Group. "This is the right step to address our two divergent business profiles," Ralph Schipani, Nine West Holdings' chief executive officer, said in a statement. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses and co…

SHARE

by Joe Lombardi