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Connecticut is overtaxing its residents, following the 2022 legislative session budget adjustments, Connecticut is projected to close its fiscal year with a $956.4 million surplus. Factoring in the state’s revenue cap, this leaves $746.2 million in surplus funds available immediately to provide further tax relief. We can provide tax relief while still contributing a historic $2.85 billion in additional funds to pay down pension debt and preserving a record breaking $3.3 billion in the state budget reserve fund – the maximum amount allowed.
Our proposed relief plan includes:
- Reducing the income tax
- Expanding current gas tax holiday to diesel
- Suspending impending diesel fuel tax increase
- Eliminating the highway truck tax
- Reducing the state’s sales tax
- Eliminating the tax on meals
- Increasing heating and cooling assistance
Read more at www.affordableconnecticut.com
