The report, by the Institute on Taxation and Economic Policy and Connecticut Voices for Children, found the state’s lowest-income earners pay 41 percent more of their income in taxes than wealthier residents. According to Jamie Mills, director of fiscal policy and economic inclusion at Children’s Voices of Connecticut, taken as a whole the tax system in the Nutmeg State is upside down – because, as in many other states, the tax on personal income is only part of total tax revenue.
ITEP Work in Action
Advocates and policymakers at the state and federal levels rely on ITEP’s analytic capabilities to inform their debates on proposed tax policy changes. In any given year, ITEP fields requests for analyses of policies in 25 or more states. ITEP also works with national partners to provide analyses of federal tax policy proposals. This section highlights reports that use ITEP analyses to make a compelling case for progressive tax reforms.
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ITEP Work in Action October 19, 2018 Eagle Pass Business Journal: Report: Low-Income Taxpayers Pay Most in Connecticut
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ITEP Work in Action April 11, 2017 Connecticut Voices for Children: Testimony Supporting H.B. No. 7316 – An Act Concerning Evaluation of Business Assistance and Incentive Programs H.B. No. 7313 – An Act Imposing a Surcharge on Income Derived From Investment Management
At Connecticut Voices for Children, we view the state budget as the clearest statement of Connecticut’s policy priorities. We believe that these priorities should advance long-term inclusive economic prosperity, equity… -
ITEP Work in Action March 9, 2017 Connecticut Voices for Children: Testimony Regarding S.B. No. 787 – AAC Revenue Items To Implement the Governor’s Budget
At Connecticut Voices for Children, we view the state budget as the clearest statement of Connecticut’s policy priorities. We believe that these priorities should advance long-term inclusive economic prosperity, equity… -
ITEP Work in Action March 3, 2017 Connecticut Voices for Children: Testimony Regarding Estate and Gift Taxes and Exempting Retirement Income: SB 5, SB 58, HB 6358, SB 6, SB 272, HB 6558, and HB 5587
Exemptions to Pensions and Social Security – Exempting retirement income would not only cause immediate revenue deterioration, but given the state’s aging population, could threaten long-term adequacy of the income… -
ITEP Work in Action January 18, 2017 Connecticut Voices for Children: Revenue Options are Key to Addressing Budget Shortfalls and Supporting Thriving Communities
Long-term investments in children and families have been the cornerstone of the state’s prosperity. To preserve these investments and support long term economic health, a balanced approach to the upcoming… -
ITEP Work in Action January 9, 2017 Connecticut Voices for Children: Impact of the Final FY 2017 Budget on Children and Families
“Following hundreds of millions of dollars in budget cuts in Fiscal Year 2016, Connecticut policymakers tackled the nearly $1 billion budget deficit in Fiscal Year 2017 (FY 17) by adopting… -
ITEP Work in Action May 2, 2016 Connecticut Voices for Children: Impact of the Governor’s, Republican, and Democrat Proposed FY 2017 Budget on Children and Families
“Following hundreds of millions in dollars of cuts to health, human services and education to close a billion dollar budget hole in Fiscal Year 2016 (FY 16), lawmakers are once… -
ITEP Work in Action March 15, 2016 Connecticut Voices for Children: Revenue Options are Crucial to Maintaining Public Investments that Promote Prosperity
In confronting the financial crisis looming over state budget decisions, the common-sense choice for Connecticut should be a balanced approach that includes revenue, rather than a cuts-only approach that threatens… -
ITEP Work in Action August 11, 2015 Connecticut Voices for Children: Impact of the Final FY 2016 Budget on Children and Families
The State of Connecticut’s final FY 16 budget, improved from earlier proposals, still balances on children and families’ finite resources, this analysis finds. While funding the “Children’s Budget” – state… -
ITEP Work in Action March 18, 2015 Connecticut Voices for Children: Funding Our Future: Child and Family Friendly Revenue Options
An analysis by the Institute of Taxation and Economic Policy (ITEP) of Washington, D.C. found that adjusting top rates to the levels in the table below would impact only two… -
ITEP Work in Action February 9, 2015 Connecticut Voices for Children: Families First, Prosperity for All: Making Connecticut’s Tax and Benefit System More Family-Friendly
Connecticut’s tax system is uniquely unfriendly to families. Connecticut is one of only two states with an income tax that does not offer tax credits or exemptions to adjust for… -
ITEP Work in Action May 21, 2014 Connecticut Voices for Children: Making Children Visible in Connecticut’s Tax Code
This issue brief from the Fiscal Policy Center at Connecticut Voices for Children identifies a feature of the Connecticut tax system that effectively penalizes households with children, relative to households… -
ITEP Work in Action May 16, 2014 Connecticut Voices for Children: Pro-Family Tax Reform in Connecticut: A Roadmap for Improvement
This report from the Fiscal Policy Center at Connecticut Voices for Children compares Connecticut’s tax system to those of other states and finds: Connecticut is nearly alone among states in… -
ITEP Work in Action May 16, 2013 Connecticut Voices for Children: Who Pays Taxes in Connecticut?
This brief finds that Connecticut’s wealthiest residents pay a smaller share of their income in state and local taxes than middle-income and low-income residents. Read the Full Report -
ITEP Work in Action May 16, 2013 Connecticut Voices for Children: Lower Than New York’s for Everyone but the Poor
One sometimes hears that recent state income tax increases on the rich could cause them to leave Connecticut for New York and points south. Academic research has shown that taxes… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: Building a Reliable, Fair and Accountable 21st Century Revenue System
Connecticut’s revenue system is falling short of providing the revenues we need to maintain the public structures that keep Connecticut strong and vibrant, including our education, health, public safety, environmental… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: Fiddling While Rome Burns: Connecticut’s Multi-Million Dollar, Money Losing Subsidy to the Entertainment Industry
While intended to spark a home-grown entertainment industry in Connecticut, Connecticut Voices’ analysis of recently-released data from the Commission on Culture and Tourism shows that the tax credits have largely… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: Connecticut’s Unified Gift and Estate Tax: A Key Source of Revenue That Makes Connecticut’s Tax System More Fair
The Governor has proposed eliminating the unified gift and estate tax. As part of her most recent package of proposed budget changes to balance the State Fiscal Year 2010-2011 (SFY… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: Testimony Regarding Senate Bill No. 1007: An Act Concerning the Governor’s Recommendations on Revenue
“Today I submit testimony regarding Senate Bill 1007 An Act Concerning the Governor’s Recommendations on Revenue, in particular, regarding components of the act which concern the personal income tax. Specifically,… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: After 2011 Tax Reforms, Connecticut’s Wealthy Still Pay Smallest Share of Income in State and Local Taxes
Despite recent efforts to make the Connecticut tax system fairer, the wealthiest 1% of our residents will still pay only half as much of their income in state and local… -
ITEP Work in Action January 14, 2013 Connecticut Voices for Children: Benchmarking Connecticut
As Connecticut works towards a plan for economic growth and job creation, it is essential that we understand our strengths and weaknesses. This brief fact sheet outlines several indicators —… -
ITEP Work in Action December 17, 2012 Connecticut Voices for Children: Taking Stock: Four Decades of State Revenues, Expenditures, and Deficits
This report puts Connecticut’s budget in perspective. It compares our response to the current downturn with our reaction to the previous two, it assesses the impact of recent changes on… -
ITEP Work in Action December 17, 2012 Connecticut Voices for Children: Making Sense of the Rankings: Where Connecticut Stands on Business Taxes
In recent months, there has been a steady stream of reports about state business taxation. The Council on State Taxation (COST), a trade association of large corporations, released its annual…