Politics & Government
CT Republican Tax Pitch Calls For $1-Billion Income Tax Cut
Republicans are calling for massive reductions in what they call "much needed tax relief in addressing the affordability crisis."
HARTFORD, CT — The state Senate Republican Caucus announced a "long-term affordability plan aimed at lowering taxes and reducing costs" Wednesday, featuring a $1-billion income tax cut.
“Every day, I hear from constituents asking for help on how we can bring down the rising costs they’re facing,” Sen. Paul Cicarella (R-34) said in a statement. "We are taking action, and we hope we will get support to provide this much needed tax relief in addressing the affordability crisis."
Republicans claim that Democratic leadership has led to the country's third-highest tax burden, citing numbers from the Tax Foundation. Connecticut also faces the third-highest property taxes and ranks toward the bottom in new business creation, Republicans said.
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The GOP proposal calls for a 40% reduction in income tax for single filers making $50,000 and joint filers making $100,000. Single filers making $100,000 and joint filers making $200,000 would see a 16% reduction. Single filers making $25,000 would not pay income tax under the plan.
The plan also calls for the elimination of the car tax for single filers making less than $100,000 and joint filers making less than $200,000.
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Eliminating occupational license fees for professionals, reducing the payroll tax by 20%, and instituting a property tax levy cap are also included in the plan.
The announcement comes after Gov. Ned Lamont proposed one-time rebates for taxpayers last week.
Related: Gov. Lamont Proposing One-Time Tax Rebate In CT
Lamont questioned the Republicans' tax cuts, asking how they will be able to pay for the plan when revenue generated by a strong stock market dries up, according to WTNH News-8.
He said Connecticut's history shows it "lurching from deficit to deficit, cause politicians made promises they couldn’t keep,” Lamont said.
A Lamont spokesperson challenged Republicans to detail their spending reductions in a full budget proposal, WTNH News-8 reported.
Read more: CT Taxpayers May See Bigger 2025 Federal Income Tax Returns
Many CT Taxpayers May See Refund Delays. Here's How To Avoid It
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