Connecticut
ITEP’s Marco Guzman Testifies in Favor of Tax Fairness Bills in Connecticut
March 11, 2024
Good afternoon, Senator Fonfara, Representative Horn, and members of the Committee, and thank you for this opportunity to testify. My name is Marco Guzman and I'm a senior policy analyst with the Institute on Taxation and Economic Policy, or ITEP, and we’re a nonprofit research organization that focuses on state, local, and federal tax policy issues.
New Jersey, New York, and Connecticut Should Keep Corporate Taxes Strong, Extend Surcharges
February 28, 2023 • By Marco Guzman
At a time when corporations are seeing record profits while not paying their fair share of federal taxes, state corporate income taxes can and should play a role in raising sustainable revenue and adding progressivity to state tax codes. Right now, lawmakers in New Jersey, New York, and Connecticut have a unique opportunity to extend targeted tax changes that have raised billions of dollars from profitable corporations for meaningful public investments.
Connecticut Voices for Children: Steps to a Fairer Tax System
February 1, 2022
Although 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 […]
Connecticut Voices for Children: Advancing Economic Justice Through Tax Reform
December 8, 2020
Connecticut Voices for Children released a new report, “Advancing Economic Justice Through Tax Reform,” which proposes a tax restructure so that the system is fair for all residents. The report provides an overview of economic injustice in Connecticut, Connecticut’s regressive tax system and shows that it is a key contributor to the economic injustice in the state, […]
ITEP Testimony Regarding Connecticut Senate Bill 16, An Act Concerning the Adult Use of Cannabis
March 4, 2020 • By Carl Davis
This testimony explains the advantages of the cannabis tax structure proposed in Connecticut’s Senate Bill 16 and offers additional background information as well as ideas for potential changes to the bill.
Reforming Connecticut’s Tax System: A Program to Strengthen Working- and Middle-Class Families
January 15, 2020
Connecticut Voices for Children released a report that examined the state’s income and wealth inequality and the state’s regressive tax system that exacerbates these inequalities.
Connecticut Voices for Children: Impact of the FY 2020-2021 Appropriations and Finance Committee Budget and Revenue Proposals on Children and Families
May 23, 2019
The report recommends that state legislators and the Governor repeal the state’s Bond Lock, revise the volatility cap, and implement additional tax reforms that begin to correct the state’s regressive revenue system by asking more of the state’s wealthiest residents. Read more
Connecticut Voices for Children: Voices from the Capitol: Countdown to the End of the Session
May 10, 2019
Staff experts from our national partners – Elizabeth McNichol of the Center on Budget and Policy Priorities and Aidan Davis of the Institute on Taxation and Economic Policy – joined Jamie Mills of Connecticut Voices for Children in submitting powerful testimony before the Finance Committee in support of a modest surcharge on capital gains earned […]
Connecticut Voices for Children: Testimony Supporting H.B. No. 7415
April 26, 2019
Smart state fiscal policies can play a critical role in building strong, equitable state economies. It is time we fix our tax laws to give working people and children a fair shot to get ahead by pursuing twin goals of assuring adequate revenues to support the programs and services vital to the well-being of our […]
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