Posted on July 21, 2022
HARTFORD – State Representative Holly Cheeseman (R-37) Ranking Member of the Finance, Revenue and Bonding Committee responded to recently released surplus estimates from the Office of Policy and Management,
“Connecticut families are suffering from surging prices for groceries, household goods, and fuel – all while state coffers have overflowed with inflation driven tax receipts.
The surplus estimate released for July clearly demonstrates the need for tax relief beyond what was included in the Governor’s budget. Democrats opted for limited one-time relief and credits, such as the child tax credit which only half of those eligible have applied for.
Instead, Republicans offered a serious proposal for immediate relief that would benefit residents by lowering the sales tax, income tax, and suspending the diesel tax. With today’s surpluses this relief could be offered while continuing to make record-breaking contributions to the rainy-day fund and long-term debt payments.
Every single day has become more expensive, and the working class and those on fixed incomes are suffering the most. It is time to offer real relief and restore affordability.”
During the 2022 legislative session, the House and Senate Republican Caucuses advocated for a $1.2 billion tax relief plan, details are available at www.affordableconnecticut.com.