Connecticut lawmakers debate on sales tax increase
<p>Connecticut state lawmakers are debating on a sales tax hike Tuesday to get the state 'back in the black.' </p>
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Apr 25, 2017, 5:20 PM
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Updated 2,801 days ago
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Connecticut state lawmakers debated on a sales tax hike Tuesday to get the state 'back in the black.'
The hike would add 32 cents to a $50 purchase, but small business owners say any tax hike may convince people not to spend money on luxury purchases.
Lawmakers Tuesday also debated boosting income taxes on the ultra-rich, which includes anyone making more than $500,000 per year.
Republicans said, however, that will just drive more wealth - and jobs - out of the state.
"We talk about that definition of insanity, right?," says Rep. Themis Klarides. "Doing the same thing over and over again and hoping we get a different result?"
The state's budget committee rejected Gov. Dannel Malloy's plans Tuesday, but they also stalled on their own replacement.
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