‘Another sad day for Connecticut’ as $2 billion tax hike set to pass

By Yaël Ossowski  / June 1, 2015  / Watchdog.org He once promised to balance Connecticut’s books through spending cuts alone. Now Gov. Dannel Malloy says he’s ready to OK a nearly $2 billion tax increase no later than June 3, when the legislative session ends. A new budget, passed by the Democratic supermajority on Monday, will raise the state’s top tax bracket to 6.99 percent, from 6.7 percent, impose new taxes on businesses, and kill plans to cut the state’s sales tax. “A brighter tomorrow will start with this budget today,” said Malloy in a statement a day before the […]