“Today, Connecticut taxpayers are shelling out nearly $3 billion more in federal income tax payments due to recent tax changes made at the federal level. These changes punish Connecticut residents for having solid home values and for having children. Even those renters and elderly who will see some tiny tax savings this year, on the order of about one percent, will see their federal taxes go up by more than a hundred dollars a year beginning in 2027.
“Meanwhile, here in Connecticut, while legislative Republicans complain about taxes, they have voted to raise taxes on hospitals, they have voted to raise taxes on motor vehicle registrations and homeowners’ insurance policies, and they have spent every penny of new tax revenue collected over the past eight years. They complain and complain, but they still spend that tax revenue.”
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