Connecticut’s tax system is considered unfair, with the state’s own analysts concluding that it excessively burdens the poor and middle class. Despite this, efforts to reform the tax system have stalled, with Governor Ned Lamont focusing on paying down the state’s massive pension debt.
Tax Reform Proposals
One proposal that has gained momentum is a state income tax credit for low- and middle-income households with kids. The credit would provide $600 per child, up to a maximum of $1,800 per household, and would cost the state around $350 million to $400 million per year. Another proposal is a renters’ credit, which would provide relief to low- and middle-income renters who are struggling to afford housing.
Sandie Pope, a 23-year-old part-time student and political canvasser, is one of the many individuals who would benefit from tax reform. She is struggling to make ends meet and is finding it difficult to save for a house or even a security deposit on an apartment. Pope’s situation is not unique, with many of her friends and acquaintances also living paycheck to paycheck.
Call for Economic Fairness
Lawmakers and advocates are calling for economic fairness and relief for low- and middle-income families. They argue that the current tax system is unfair and that changes are needed to help families afford the basics. The United Way of Connecticut estimates that around 40% of households in the state cannot afford a basic ‘survival budget’ that covers food, housing, utilities, childcare, and healthcare.
Original reporting: The Connecticut Mirror — read the source article.