Taking more from CT residents is going to make our state even more unaffordable and drive out job creators when we should be laser focused on growing jobs and opportunity. It will leave behind the working and middle class to pick up the tab at a time when they are already struggling. All CT Republicans on the Finance Committee voted AGAINST these tax proposals today. The Democrats’ plan includes the following taxes: 🛒A mileage tax on trucks that will increase costs of groceries and home heating oil ($45 million in FY23 and $90 million in FY 24) 🏠Cancels property tax relief ($53 million tax increase annually in FY 22 and FY 23) 💵Cancels tax relief for job creators, 10% corporate tax surcharge ($80 million in FY 22, and $50 million annually in FY 23 and FY 24) 🛍A new $500 million annual consumption tax described by Democrats as a way to increase the sales tax rate on higher income residents 💳Imposes a convenience fee for credit/debit card use ($5 million annually in FY 23 and FY 24) 🎰New taxes related to gaming ($30.5 million in FY 22, $43.1 million in FY 23, $58.8 million in FY 24) 💻New social media advertising tax ($150 million in FY 22, $162 million in FY 23, $175 million in FY 24) 💰New 2% surcharge on capital gains ($262 million annually) 💸New taxes related to cannabis legalization ($11.1 million in FY 22, 39.5 million in FY 23, 73.1 million in FY 24) #ctbudget #cttaxes #ctleg #ctpolitics #ctgop #repost @ctsenategop 😔 When you live in a state that hates you this is how they tax you... #2024move #escape #run @ctsenatedems are 🗑️ @cthousedems are 🗑️ https://www.instagram.com/p/COGM6kCAbXj/?igshid=rjqriuuv44ui
