Tag: budget proposal

Connecticut Gov. Lamont Seeks Income Tax Cut in Budget Proposal

The Center Square

Connecticut Gov. Ned Lamont is pitching a plan to cut state income taxes for middle-class workers as part of his budget plan for the next fiscal year. 

Lamont’s proposal, unveiled Monday, calls for permanently lowering the personal income tax rate on single filers’ first $10,000, and $20,000 for joint filers of adjusted gross income from 5% to 4.5%, and the rate on income up to $50,000, and $100,000 for joint filers from 3% to 2%, beginning in 2024. The move, if approved, is projected to save taxpayers $440 million annually.

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Biden Unveils $5.8 Trillion Budget Proposal with Increased Taxes on Businesses, Wealthy Individuals

The Center Square

President Joe Biden unveiled a new 2023 budget proposal Monday along with major tax increases to help pay for it.

Biden’s budget, which comes in at about $5.8 trillion, is not expected to become law, but presidential budgets help set the legislative priorities for the year to come.

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16 Republican AGs Seek Federal Pressure on China, Mexico over Fentanyl Crisis

The Center Square
Antony Blinken

Sixteen Republican state attorneys general are calling on Secretary of State Antony J. Blinken to take action against China and Mexico for their role in creating a fentanyl crisis in the U.S.

“China’s complete unwillingness to police the production and distribution of fentanyl precursors and Mexico’s subsequent failure to control illegal manufacturing of fentanyl using those precursors,” the attorneys general argue, poses a daily threat to Americans.

West Virginia and Arizona are leading the effort. Joining them are the attorneys general of Alabama, Alaska, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Mississippi, Missouri, Montana, South Carolina, South Dakota and Texas. They say they’ve witnessed an “extraordinary tide of senseless death from fentanyl” in their states.

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