Connecticut Voices for Children: Steps to a Fairer Tax System
ITEP Work in ActionAlthough Connecticut has the second highest level of per capita personal income in the US, making it exceptionally wealthy overall, many families consistently struggle because Connecticut also has the second highest level of income inequality and a substantial racial income gap, meaning a small, disproportionately white portion of the population primarily benefits from the state’s overall wealth.
A fairer tax system would reduce income inequality and the racial income gap, which would help working and middle-class families, especially families of color, make ends meet; over time, it would benefit the children from working- and middle-class families, especially families of color, in “virtually every dimension” of life through both the “investment” and “stress” pathways; and those developments in turn would strengthen Connecticut’s economy.