Top Democrats gear up for battle against Gov. Lamont over consumption tax

Democrats are gearing up for a battle against Gov. Ned Lamont over how much the rich should pay in taxes.

News 12 Staff

May 7, 2021, 6:59 PM

Updated 1,114 days ago

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Democrats are gearing up for a battle against Gov. Ned Lamont over how much the rich should pay in taxes.
The rich could pay more under the state Democrats' budget, including a new consumption tax for those making $500,000 a year.
They would also pay 2% more on Wall Street profits.
Lamont is promising a veto.
"We've got companies coming to the state of Connecticut. I don't want to do anything to stop that momentum," he says.
Instead, Lamont wants to use billions in federal relief money for child care and job training.
Top Democrats said that money will run out, leaving Connecticut's cities struggling.
"We can't pretend things are normal when we have the equivalent of a four- or five-alarm fire going on in many of our communities," says Senate President Martin Looney.
The state House Speaker won't commit to new taxes, but he's not siding with Lamont either.
"I've always said we're going to lead with a good budget, and we're going to fund things that we care about," says House Speaker Matt Ritter.
Republicans see an opening, though.
"We're more than willing to go to the table," says Senate Minority Leader Kevin Kelly. "We're all in this together, and we need to start looking at the community as a whole."
State lawmakers have one more month to finalize a state budget, and work out a deal, if they can, with Lamont.
Democrats are calling for tax cuts on the working class. They want to double the state earned income tax credit.
There's also a new child credit for parents.


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