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Lamont tries again on tolls, dangling tax credit for low-income residents

The governor has also proposed widening I-95 west of New Haven to reduce congestion, which he said would cut commuting time to New York by as much as 22 minutes.

SHU poll: Most CT residents bemoan ‘difficult’ standard of living

Most residents disagreed with the legislature's decision not to raise the state income tax on Connecticut’s wealthiest residents.

Connecticut House of Representatives passes state budget bill

The budget will now go to the Democrat-controlled Senate.

Accountants report new tax law changes have hurt many filers

“Other than the real estate clients, I would say almost across the board most other clients, most other industries, professions, etcetera, have all been hurt by this new tax law,” Mark Hausner, principal in the accounting firm Peretz, Resnick, Mitgang & Marcus LLP, told the Business Journal.

Lamont, Dems at odds over some budget items; GOP questions Gov’s...

GOP leader Len Fasano wondered if the governor is "going to take a stand on anything, or is he going to continue operating in fear of Democrat legislators?”

Bridgeport tax preparer pleads guilty to coordinating $1.5M in false returns

Rolando Russell faces a maximum term of six years in prison.

Rand report evaluates SALT’s impact on real estate market

Joe Rand, managing partner of the brokerage, told the Business Journal that SALT has had a modest but meaningful effect on the high end of the market.

New York and Connecticut rank low on new study of state...

New York ranked 50th for economic outlook for the sixth consecutive year.

Norman Grill: Following tax reform, does it pay to itemize?

You have a choice each year when you file your income tax return: take the standard deduction or itemize your deductions. That choice, however, is more complicated under the Tax Cuts and Jobs Act.

Suite Talk: Scott Dolch, executive director of the Connecticut Restaurant Association

"We've never had a James Beard Award winner out of Connecticut," said Scott Dolch. "As a competitive person, that bothers me."

Charter Communications paid greatest negative tax rate within S&P 100

WalletHub added that the average S&P 100 company paid a 77 percent higher tax rate than the top 1 percent of consumers.

Ned Lamont: The FCBJ Interview, Part Two

“I’m willing to take the hit for every unpopular decision that needs to be made, and to share the credit whenever it deserves to be shared.”

Gov. Malloy blasts Treasury’s proposed rule preventing SALT bypass

"The Republican tax law is an affront to middle-class Connecticut families and a massive giveaway to the wealthiest individuals and largest corporations," said Malloy.

Norman G. Grill, CPA: Big tax savings potential for your business

More important, the law establishes a generous new deduction that will slash taxable income from pass-through entities. Beginning in 2018, the qualified business income (QBI) deduction generally allows taxpayers to deduct 20 percent of QBI (not salary) from a pass-through entity. Combined with the lower top tax rate on ordinary income, the deduction translates to a 29.6 percent top rate on pass-through income.

Connecticut fiscal stability commission chiefs call for tough love strategies

James C. Smith and Robert Patricelli, co-chairmen of the Commission on Fiscal Stability and Economic Growth, outlined the challenges and possible solutions facing Connecticut's economy.