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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?”
Rolando Russell faces a maximum term of six years in prison.
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 ranked 50th for economic outlook for the sixth consecutive year.
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.
"We've never had a James Beard Award winner out of Connecticut," said Scott Dolch. "As a competitive person, that bothers me."
WalletHub added that the average S&P 100 company paid a 77 percent higher tax rate than the top 1 percent of consumers.
"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.
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.
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.
Edmund J. McMahon, the founder and research director of the Empire Center for Public Policy, called Gov. Andrew Cuomo’s payroll tax proposal “a solution in search of a problem.”
The Connecticut Democrat warned that the GOP tax plan would "eliminate your ability to deduct state income taxes and cap your property tax deduction."
The survey by Sacred Heart University found half of respondents with salaries above $150,000 debating a move out of Connecticut within the next five years.