http://cptv.vo.llnwd.net/o2/ypmwebcontent/Catie/Where%20We%20Live%2008-08-2011.mp3
Income tax increases are being felt in some paychecks while tax breaks are going out to some big companies.
Those tax increases are being felt mostly by Connecticut’s wealthiest residents...and are showing up in paychecks now. It’s an issue of “fairness” according to some - but another look at the numbers shows the state’s revenue stream is more “volatile” because of a dependence on the rich.
Meanwhile, on the jobs front, the Malloy administration is handing out big corporate incentives to lure workers - a move criticized as “overspending” by some. Especially in a state that already has the lowest business tax burden, according to a new study.
Today, where we live, we’ll tackle tax policy with Ben Barnes the Secretary of the Office of Policy and Managment, and Governor Malloy’s budget chief, and Larry Cafero - the House Minority leader.
Budget guru Keith Phaneuf joins the conversation - and you can too.