While some tend to fall back on the phrase, “I told you so” much too often, the truth is that rarely does one get a chance to point to someone else confirming an individual’s claim that that they really were right when others were wrong….
So with that as the backdrop and propelled by an opportunity to brag, tempered by an appropriate dose of humility, I am proud to report that ctcapitolreport, the state’s leading news aggregation website, is sporting a headline that reads – The Oracle: Pelto: Told you so…
The reference is to my long-standing and on-going observation that in order to balance next year’s Connecticut state budget, provide sufficient revenue to fund critical services and begin to reduce the unfair tax burden on Connecticut’s middle class, Connecticut’s elected officials must find the courage to actually do what is necessary and that means appending Connecticut’s tax code to require that the state’s wealthy begin to pay their fair share of taxes.
Longer term Wait, What? readers will recall that this blog does cover issues other than the unfair, inappropriate and discriminatory Common Core Smarter Balanced Assessment Consortium (SBAC) Testing Scheme.
In fact, another primary focus of this blog has traditionally been Connecticut’s irresponsible fiscal policies that have resulted in a truly regressive tax system in which the state’s lowest income families pay about 12 percent of their income in state and local taxes, the middle class pay about 10 percent of their income in state and local taxes and the wealthy, who have been coddled by both Democrats and Republicans, only pay about 5 to 6 percent of their income in state and local taxes.
While the inequities in Connecticut’s tax system have been growing for decades, the problem has become particularly severe as a result of Governor Dannel Malloy’s unending fiscal gimmicks and his unprecedented dedication and addiction to irresponsible fiscal policies.
The article the website www.ctcapitolreport.com is referring to is a news story posted early today by Connecticut’s premier budget reporter, Keith Phaneuf of the CTMirror.
Phaneuf has written another MUST READ story for those who want to understand Connecticut’s state budget and how Governor Dannel Malloy lied his way through the 2014 gubernatorial campaign by claiming there was no state deficit and that if he was re-elected we would eliminate the projected $1.4 billion projected deficit for next year without having to raise taxes or cut services.
Keith Phaneuf’s latest article is entitled “Tax hike ideas abound at the Capitol,” and can be found at: http://ctmirror.org/2015/03/23/tax-hike-ideas-abound-at-the-capitol/
The CT Mirror piece concludes with the following;
Former state Rep. Jonathan Pelto, D-Mansfield, who tried unsuccessfully to petition onto the 2014 gubernatorial ballot, predicted last summer that the big budget deficits projected for the next two fiscal years would eventually force a progressive income tax debate this spring.
“Requiring the wealthy to pay their fair in state income tax is the only responsible way to balance the state budget and begin to reduce the heavy and inappropriate burden on Connecticut’s middle-income taxpayers,” Pelto said last week. “Failure to require the rich to pay their fair share will mean unacceptable cuts in vital services and hurting the middle class and all working families by shifting even more of the tax burden onto local property taxpayers.
Or, in other words, “I told you so.”