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Coalition and labor leaders urge expanded tax study and bold revenue package amid federal cuts
Summary
Advocates from labor, higher education and community coalitions urged the Finance, Revenue and Bonding Committee to expand the scope of SB 1528 — a proposed study of state taxation — to analyze how Connecticut’s tax system can better fund public services and reduce economic inequality.
Advocates from labor, higher education and community coalitions urged the Finance, Revenue and Bonding Committee to expand the scope of SB 1528 — a proposed study of state taxation — to analyze how Connecticut’s tax system can better fund public services and reduce economic inequality.
Witnesses warned that anticipated federal spending cuts would shift costs to states and urged Connecticut to explore progressive revenue options, including a capital‑gains surcharge, closing the carried‑interest loophole, an additional income tax tier for millionaires and a mansion tax.
“Connecticut faces…
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