Panel Votes To Raise Taxes By $1.5 Billion
HARTFORD, Conn. (AP) _ The Democratic-controlled tax-writing committee has approved about $1.5 billion in tax increases for next fiscal year.
Despite pleas from Republicans, the minority members of the General Assembly, the Finance Revenue and Bonding Committee on Thursday passed the tax deal reached with Gov. Dannel P. Malloy on a mostly partisan 33-19 vote.
The legislature’s Appropriations Committee was debating the spending side of the budget Thursday afternoon.
Republicans said everyday people and small businesses cannot afford the increased taxes included in a compromise deal.
They offered a no-tax-increase budget, which Democrats defeated.
Proponents of the tax package said it was a balanced approach to tackling the state’s projected $3.3 billion deficit.
They praised the plan for not cutting aid to cities towns, a move that would have led to higher property taxes.