Governor Dannel Malloy is blasting the legislature for talking about additional revenue to help fund critically important services.
Although Malloy’s budget relies on increasing taxes for poor and middle-class families and shifting $400 million onto the backs of local property taxpayers, he is claiming that the solution to Connecticut’s fiscal crisis is his budget plan.
Malloy’s continued refusal to ensure the rich are paying their fair share means poorer and middle income families are suffering on both the tax and expenditure side of the budget.
As CT Voices explains;
The Governor’s Budget would reduce the Earned Income Tax Credit, remove parents from HUSKY A, eliminate property tax support for the lower and middle classes, keep young children out of Care 4 Kids funded child care, and cut municipal aid to 141 towns. Statewide, proposed cuts to the EITC and the property tax credit are equal to a tax increase of $93 for low-income families and $157 for middle-income families.
CT Voices adds;
Many of the Governor’s cost-savings proposals target the same groups of low- to middle-income families.
For example, a single mother with two children making $30,000 per year would lose her health insurance, be unable to enroll her children in Care4Kids, and could see a tax increase of $93. A single parent working for $12 per hour with a child would also lose her health insurance at the same time the state restricts her access to child care and increases her taxes.
In response to the Governor’s outrageous budget proposal, some Connecticut legislators are talking about increasing the tax rate on high income earners in Connecticut.
Remember, in Connecticut, the poor pay about 12% of their income in state and local taxes, the middle class about 10% of their income in state and local taxes and the rich only pay about 5.5% of their income in state and local taxes.
Connecticut has created a regressive tax structure that unfairly hurts lower and middle income families.
It is time for Connecticut’s legislators to stand up to Malloy’s bullying tactics and move forward with a tax reform proposal that will not dump the burden on lower and middle income families while shifting even more onto the backs of local property taxpayers.
For more about some of the tax proposals – good and bad – read;