January 16, 2020

Hartford Business Journal: CT Voices proposes major state tax shift to reverse inequality

media mention

And creation of a new Child Tax Credit could provide poor and middle-income residents — even those earning nearly $500,000 per year — as much as $800 to $1,550 on each filer’s annual refund.

“The child tax credit has been found to have staggering impacts on poverty reduction,” said Meg Wiehe, deputy executive director for the Institute on Taxation and Economic Policy — who also worked on the Connecticut Voices’ proposal.

And according Wiehe, the state’s wealthiest households would lose slightly less than 1% of their annual earnings. Read more