Tag: Fiscal Year 2024

Mike Johnson Says He Won’t Back Out of Spending Deal Despite Freedom Caucus Opposition

Connecticut Star Staff

House Speaker Mike Johnson said Friday he will not withdraw from a controversial spending deal to avoid a government shutdown that is opposed by several members of his conference.

Johnson, on Sunday, announced a deal with other congressional party leaders on a spending package of $1.59 trillion for Fiscal Year 2024, which has been attacked by members of the House Freedom Caucus as insufficiently conservative. After negotiations with dissident members, Johnson announced Friday that he would stand by the deal, even as members have threatened to remove him from office over the matter.

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Commentary: Tax Relief Is Coming to Millions of Red-State Residents in Ohio, Connecticut, and More

Connecticut Star Staff

July marked the beginning of Fiscal Year 2024 for 46 of the 50 states. It also closes the books on most state legislative sessions in what was an incredible 2023 for hard-working taxpayers.

In recent years, we’ve seen significant income tax relief in the states. Notably, 10 states – Kentucky, West Virginia, Montana, Utah, Arkansas, North Dakota, Indiana, Nebraska, Connecticut, and Ohio – have cut personal income taxes (PIT) in 2023. With the new addition of West Virginia, North Dakota, and Connecticut, 22 states have cut personal income taxes since 2021, with several of these states cutting taxes multiple times during that period.

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