skip to main content
skip to newscasts

Saturday, June 22, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

America's 'Radical Elders' continue their work for fairness, justice; SCOTUS upholds law disarming domestic abusers; Workplace adoption benefits help families, communities; Report examines barriers to successful post-prison re-entry in NC.

view newscast page
play newscast audioPlay

A congresswoman celebrates Biden protections for mixed status families, Louisiana's Ten Commandments law faces an inevitable legal challenge, and a senator moves to repeal the strict 19th century anti-obscenity and anti-abortion Comstock Act.

view newscast page
play newscast audioPlay

Rural educators say they need support to teach kids social issues, rural businesses can suffer when dollar stores come to town, prairie states like South Dakota are getting help to protect grasslands and a Minnesota town claims the oldest rural Pride Festival.

CT Legislators Urged to Include New Revenue in Budget

play audio
Play

Wednesday, January 18, 2017   

NEW HAVEN, Conn. – New revenue will be vital to Connecticut's long-term economic health, that's according to a new report by children's advocates. Last year, legislators relied entirely on cuts totaling some $850 million to balance the state budget.

But Derek Thomas, a fiscal policy fellow at Connecticut Voices for Children, says with a looming $3 billion deficit over the next two fiscal years, lawmakers can no longer rely on cuts alone.

"Our recommendations look to invest in Connecticut's future by modernizing an outdated sales tax system, strengthening taxes on corporations, and reforming wealth and income taxes," he explained.

The report says with increased revenue, strategic investments and smaller budget cuts, the governor and the legislature can balance the budget and improve prospects for the future.

Thomas notes that sales taxes once generated almost a third of total general fund revenue. But after years of shifting consumer spending patterns, in 2015 it represented just over one-quarter.

"Modernizing the sales tax to include services could generate up to $1.5 billion annually, while also ensuring a tax system that thrives in a modern economy," he said.

Services would include items like dry cleaning, limousine rentals and tennis lessons.

Raising income taxes on Connecticut's top earners by one-half of one percent would generate almost $240 million. Thomas adds imposing a fee on corporations paying workers less than $15 an hour could bring in more than $300 million to fund critical programs.

"That would help reduce the strain on some of the programs, such as child care, Earned Income Tax Credit or Medicaid, that their employees are relying on," he added.

The report is based on discussion and recommendations of a panel of tax experts that spent two years evaluating Connecticut's state and local taxes.


get more stories like this via email

more stories
The 2024 Summer U.S. Conference of Mayors in Kansas City, Mo., will be under the leadership of its president, Mayor Hillary Schieve of Reno, Nev., and host Kansas City Mayor Quinton Lucas.
(SeanPavonePhoto/Adobe Stock)

play sound

Some Michigan mayors are out of the office this week - but still working for their cities. They're at the 92nd meeting of the United States …


Social Issues

play sound

Summer is here, but some Wisconsin households juggling higher consumer costs and other basic needs might feel like a vacation is out of reach…

Social Issues

play sound

An interim North Dakota legislative committee this week got an update from state leaders on potential moves to reconnect kids in foster care with thei…


Social Issues

play sound

More employers are offering benefits to adoptive parents, according to a new survey by the Dave Thomas Foundation for Adoption. The amount of paid …

About a quarter of Americans hold unfavorable views of both former President Donald Trump and President Joe Biden. (Christian Delbert/Adobe Stock)

Social Issues

play sound

The Arizona Court of Appeals recently dismissed a case brought by Republican Arizona attorney general candidate Abraham Hamadeh, Republican Cochise …

Social Issues

play sound

North Carolina's business community is alarmed after Lt. Gov. Mark Robinson praised the controversial House Bill 2, known as the "Bathroom Bill," at …

Social Issues

play sound

Members of the group Radical Elders are participating in a Chicago tech conference this weekend to explain the impact of technology on older Americans…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021