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Can CT realistically phase out its income tax over eight years?
Comments

10/18/18 AT 11:59 AM
People forget that before the income tax was implemented Connecticut had the highest sales tax and highest business tax in the country. How will that not happen again when you eliminate the source of more than half the revenue we get?

10/16/18 AT 01:27 PM
It would probably mean cuts to important social service programs, since that is the first to be targeted when there are budgetary shortfalls.

10/16/18 AT 01:27 PM
Yes, it can be done. We need to capitalize on the crisis we are in and stop with the moving the furniture on the deck of the Titanic mindset that is so common.

10/15/18 AT 04:22 PM
Oz is right - it's not a practical solution given the present state of Connecticut's financial condition.

10/15/18 AT 04:22 PM
Of course. It requires a government committed to doing it and, more importantly, in cutting expenses. I doubt that anyone on the horizon is up to the job, but I'll vote for the person who at least understands there has to be a move in a different direction to improve the economy and retain the supporter population.

10/15/18 AT 03:06 PM
This idea is political noise to gain votes!

10/15/18 AT 01:12 PM
In the early 1990's we didn't have an income tax. the state of CT has been taking more and more of tax payers money and spending it on Hartford projects and pay raises for government workers/upper management. The funding for this is coming from the taxpayers. There reaches a point when the taxpayer isn't going to take it anymore and move out. They have moved out and more will; there is nothing for them to stay here for.

10/15/18 AT 01:12 PM
Get rid of longevity payments, no more overtime in pension calculations, and bring benefits more in line with other large companies offer and the income tax can be gone in less than 8 years.

10/15/18 AT 01:06 PM
Requires a. Spine b. Collaboration with both chambers of the legislature. In other words, no. Connecticut is too addicted to tax/spend policies.

10/15/18 AT 01:06 PM
The revenue need will still be there; phase out of the income tax will only lead to reshuffling the deck.
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