taxes

A leading child advocacy group challenged state leaders Wednesday to reverse escalating income and wealth inequality and provide tax relief for up to 90% of Connecticut by shifting tax burdens onto the state’s millionaires.

The General Assembly unanimously voted in special session Wednesday to accept the settlement of a high-stakes lawsuit in which the hospital industry claimed billions in damages from a complex taxing scheme that increased federal Medicaid reimbursements for the state without producing new revenue for the hospitals.

Connecticut hospitals will receive $1.8 billion in state and federal funds between now and 2026 to resolve a lawsuit that could have cost the state as much as $4 billion, according to details released Thursday by Gov. Ned Lamont.

The agreement includes a one-time payment of $79 million to the industry, along with steadily declining taxes on hospitals — and increasing state payments to facilities — between now and 2026.

It was one of the talking points casually employed last week by Patrick Sasser, a leader of the No Tolls CT movement: Why should anyone believe a suggestion by Gov. Ned Lamont that the tolls he was seeking could be temporary, when that was how the income tax was sold in 1991?

That whole debate about tolls was getting so old.

Now, we get to talk about the new debate at the capitol - over rotisserie chicken! Yes, a plan to tax more prepared food - which already faced opposition - was rolled out by the Lamont administration in a way that he’s already walking back. Way more food items faced a higher tax than anyone expected.

Gov. Ned Lamont announced Tuesday he expects the new sales tax surcharge on prepared foods will be scaled back — and applied to a narrower range of items — before it takes effect on Oct. 1.

Senate Democrats backed away Monday from the new sales tax surcharge on prepared foods, saying Gov. Ned Lamont’s administration made it far broader in scope than lawmakers intended.

Shoppers will pay a higher sales tax rate on far more than restaurant meals when a new 1% surcharge kicks in on Oct. 1, Republican lawmakers charged Thursday.

The extra penny will come on each dollar spent on popsicles and other frozen treats, doughnuts and bagels, pizza slices, hot dogs, smoothies, power bars, a hot bag of popcorn, and even pre-packaged bags of lettuce and spinach, according to written guidance prepared for grocery stores and other retailers by the Department of Revenue Services. 

When D&D Market closed its Franklin Avenue storefront in Sept. 2016, Hartford lost more than a landmark small business.

The third-generation family grocer, caterer and purveyor of fresh foods traces its Capital City roots back to 1932, when present-day owner Daniel D’Aprile’s grandfather opened a bustling market that became a mainstay on one of Hartford’s most vibrant small-business corridors.

For all the recent attention bestowed on Democratic Party progressives, there's new evidence so-called centrists aren't going to just fade away.

Not with former Vice President Joe Biden taking a commanding early lead over the many 2020 Democratic presidential hopefuls running to his left. National polls released Tuesday cast Biden well ahead of Bernie Sanders, Elizabeth Warren, and others vying for the party's nomination.

Monday was the deadline for Americans to file their 2018 tax returns, and it was also a day for many to commiserate about paying those taxes, particularly as changes to the tax code are now being realized.

Connecticut's unemployment rate is at a 17-year low. The state has stockpiled $1.2 billion in its budget reserve fund. But it's still not in a position to go on anything resembling a spending spree.

Not with state Comptroller Kevin Lembo warning lawmakers against counting on a repeat of last year's spike in tax collections. Job gains in 2018 also were not nearly as robust as initially reported. And no one can rule out the possibility of an economic downturn lurking around the corner.

Do you have credit card debt hanging over your head? Or maybe you've been thinking you should start saving for retirement, but you aren’t sure how to pay for it?

This hour we sit down with NPR correspondent Chris Arnold, who covers personal finance and consumer protection. NPR’s new family of podcasts, Life Kit, gives listeners practical tips for navigating life challenges from parenting to healthy eating. Arnold hosts Life Kit’s podcasts about money. They are all about figuring out how to get your finances in order in a fun and approachable way.

It's been nearly two months since Ned Lamont was sworn in as Connecticut's 89th governor. 

Elements of his budget proposal, released last month, are being opposed by many segments of the state's population.

Governor Ned Lamont has said he is open to negotiating almost everything in his budget proposal. Well, it seems like lots of people are going to take him up on his offer.

State legislators on opposite sides of the political spectrum are panning Lamont's plan to raise roughly $500 million a year by expanding the goods and services subject to the state's sales tax.

Some more good news for Connecticut homeowners who are struggling with crumbling foundations -- many will now be able to deduct the cost of repairs from their federal taxes over the next two decades. 

Employment and health care top the list of issues concerning Connecticut voters, according to a recent poll.

Connecticut is suing the federal government over Republican tax cuts. The $1.5 trillion cuts were signed by President Donald Trump in December and included a cap on federal deductions for state and local tax, or SALT.