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Lawmakers Hear Broad Push for Child Tax Credit, Capital‑Gains Surcharge and Other Revenue Changes
Summary
Lawmakers heard hours of testimony on proposals to create a refundable child tax credit and raise revenue through a capital‑gains surcharge and a new levy on very high‑value homes, with advocates arguing the changes would reduce child poverty and opponents warning of economic risks.
The Finance, Revenue and Bonding Committee heard extended testimony on a package of revenue bills aimed at shrinking Connecticut’s income and wealth gaps and funding state priorities.
Supporters — including child‑advocacy groups, labor unions and nonprofit coalitions — urged lawmakers to enact a refundable Connecticut Child Tax Credit that would send direct, flexible payments to households with children and to adopt a capital‑gains surcharge and a statewide…
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