Posted on June 4, 2019 by admin
HARTFORD – State Reps. Kathy Kennedy (R-119) and Charles Ferraro (R-117) along with their House Republican colleagues Monday after hours of debate unanimously rejected the budget plan that raises hundreds of millions in sales taxes, raids the transportation fund to pay for ongoing services and hikes income taxes on thousands of small business owners.
Parking garages, the Internet, dry cleaners, restaurants, plastic bags and scores of other goods and services will all cost Connecticut consumers more beginning July 1 due to sales tax hikes. Thousands of business owners operating as LLCs will pay an estimated $50 million more in income taxes under the Pass through Entity tax because of the scheme hatched by the majority in order to close an estimated $3 billion deficit over the next two years that is of their making.
Overall, taxes were raised by $752 million over two years, not including the tax on hospitals.
Instead, Republicans offered a series of amendments to reduce government spending, shrink the bloated bureaucracy, privatize certain state agencies, preserve funding for the Special Transportation Fund and keep intact pension exemptions for seniors, as well as send more money for towns and cities. Municipalities would get an additional 5 percent in funding in the second year of the budget.
“A budget the spends more and taxes more will not solve any of Connecticut’s financial problems,” said Rep. Ferraro. “This budget grows state government, gives lawmakers gifts for certain projects in their districts, and raids the special transportation fund. The new governor is operating the same way as our previous governor and not making the bold changes that he promised us when he took the job, in my opinion this is another failed promise by the governor.”