Dems Propose Capital Gains Tax
By: Christine Stuart, CT News Junkie
April 18, 2019
The Democrat-controlled Finance, Revenue, and Bonding Committee is ignoring Democratic Gov. Ned Lamont and proposing a bill that would impose an additional 2% capital gains tax on Connecticut’s wealthiest residents.
The bill, which is scheduled for a public hearing next Friday, will impose the additional tax on income derived from capital gains on single filers who earn more than $500,000 and couples with income over $1 million. Currently capital gains are taxed for this income bracket at 6.99 %.
The proposal has support from the Democratic majorities in the House and the Senate, but Lamont and Republican lawmakers are not in favor.
“I don’t think it’s good policy,” Lamont said Thursday in an interview at the Legislative Office Building. “For 25 years we’ve said we’re going to tax capital gains, dividends and interest income at the same rate. This would break sort of a 25-year tradition.”
He said Connecticut’s rate is higher than the rate in Massachusetts, but lower than New York’s.
Health & Human Services
Investments High In CT Medical Pot Growers, Dispensaries, CT Post, 4/21/2019
“Nearly seven years after the General Assembly approved the state’s medical marijuana program, Connecticut has more than 34,400 patients and nearly 1,100 consulting physicians enrolled in what is a national model for palliative use of the drug…”
The Autism Community Needs More Than Ribbons, It Needs Support, Hartford Courant, 4/20/2019
“If it seems you are hearing more about autism than you once did, you’re right — and it’s not only because April is autism awareness month…”
CT Faith-Based Pregnancy Center Sues City Of Hartford, CT Post, 4/19/2019
“A faith-based pregnancy center in Willimantic has asked a federal judge for an injunction against a controversial Hartford ordinance that requires the religious facilities to disclose whether their staff carry medical licenses…”
Price Too High For Undocumented Children’s Health Care, CT Lawmakers Say, CT Post, 4/18/2019
“Despite early enthusiasm and a brawny push from the nonprofit health community, lawmakers now say a plan to extend state-sponsored health coverage to about 18,000 undocumented children is unlikely to succeed this year…”
Proponents Push Health Benefits To Sweeten CT Sugar Drink Tax, CT Post, 4/16/2019
“The legislature’s chief advocate for a tax on sweetened beverages is trying hard to push the initiative as a broader behavioral health care agenda and not a money grab for the cash-starved state…”
Schools Need To Share Services, But That Doesn’t Mean Moving Students
Hartford Courant, 4/21/2019
“When I worked at the state Department of Education, whenever we discovered something incredibly inefficient, we would sigh and cite “local control…”
Connecticut Higher Education System Names New Leaders To Oversee Regional Clusters Of Colleges
Republican American, 4/18/2019
“The state’s plan to merge 12 community colleges into one accredited institution by 2023 moved forward Thursday with the appointment of new leaders to oversee new regional clusters of colleges…”
Regents Move Forward With Merger Plan; Raise Tuition
CT Mirror, 4/18/2019
“The Board of Regents for Higher Education forged ahead Thursday with controversial plans to merge the state’s 12 community colleges by hiring three regional presidents — newly created positions, each with yearly salaries of $220,000…”
Connecticut Education Chief Accepts Saint Joseph Job
“Connecticut's education commissioner, Dianna Wentzell, is planning to go to work for the University of Saint Joseph in West Hartford…”
Legislators Break With Lamont And Propose Higher Taxes On Wealthy Connecticut Residents, Hartford Courant, 4/19/2019
“Democratic legislators are proposing a tax increase on the investment income of Connecticut’s wealthiest households to help close the state budget deficit, putting them on a collision course with a Democratic governor opposed to raising any tax rate…”
“A Federal Reserve economist Thursday painted a sobering picture of a Connecticut economy that continues to struggle nearly a decade after the last recession, still losing higher-paying jobs and replacing them with ones that pay less…”
CT Projected To Pay $45.6M In Hartford Debt Aid In Fiscal 2020, Hartford Business Journal, 4/17/2019
“The state is projected to contribute $45.6 million to the Capital City in fiscal 2020 as part of its long-term commitment to pay off Hartford's general obligation (GO) debt, according to the mayor's proposed budget…”
Who Pays The Next CT Tax Hike? Democrats Must Answer Question Soon, CT Mirror, 4/16/2019
“Majority Democratic lawmakers, who’ve flinched at — but not ruled out — tax proposals that fall heaviest on the poor and middle class, face a watershed moment in the next two weeks…”
“With only six weeks left in the legislative session, lawmakers are battling over whether to approve a new tax on sugary drinks, including soda…”
Relocating Retirees: Where Americans Are Moving To Retire, Fox Business, 4/19/2019
“About 10,000 Baby Boomers turn 65 every dayOpens a New Window., according to data from the Government Accountability Office, and some who are retiringOpens a New Window. are packing their bags and relocating…”
Retirees Are Flocking To These 3 States-And Fleeing These 3 States In Droves, NBC Connecticut, 4/17/2019
“Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018…”
Bradley Airport Officials Begin Formal Talks With Tweed, CT News Junkie, 4/19/2019
“Connecticut Airport Authority officials will soon begin formal negotiations on an offer to take over operations at Tweed New Haven Airport…”
Job Losses Mark First Three Months Of 2019, CT News Junkie, 4/19/2019
“Connecticut lost 3,400 jobs in the first three months of the year, according to a report from the Department of Labor…”
Lamont Tries Constructive Engagement With Trump, CT Mirror, 4/18/2019
“Gov. Ned Lamont, whose signature proposal to implement congestion-priced tolls on Connecticut’s highways turns on approval by the Federal Highway Administration, declined Thursday to join other Democrats in assailing Attorney General William P. Barr’s newest take on Robert S. Mueller’s investigation of President Trump…”
In Case You Missed It
Legislation Shielding People With Pre-Existing Conditions Clears House
By: Jenna Carlesso, CT Mirror
April 17, 2019
Lawmakers in Connecticut’s House of Representatives passed a measure Wednesday to safeguard people with pre-existing conditions who are on short-term health insurance policies, sometimes called temporary health insurance.
They could not say how many people the bill would protect, but pointed to data compiled by the Kaiser Family Foundation showing that as many as 522,000 people younger than 65 in Connecticut have pre-existing conditions such as cancer or heart disease. It was unclear how many of those residents are on the short-term plans.
Rep. Sean Scanlon, D-Guilford, a key backer of the bill, said it would help “give our constituents peace of mind” as the Trump administration encourages more families to buy inexpensive, temporary health policies.
On those plans, people with pre-existing conditions may be denied coverage or charged higher prices.
Latest News From The Governor's Office
Governor Lamont Nominates Marissa Paslick Gillett To Serve As A Commissioner Of The Public Utilities Regulatory Authority
"Governor Ned Lamont today announced that he is nominating Marissa Paslick Gillett of Baltimore, Maryland to serve as a commissioner of the Connecticut Public Utilities Regulatory Authority (PURA), the state entity responsible for regulating the rates and services of Connecticut’s investor-owned electricity, natural gas, water, and telecommunications companies..."
Governor Lamont And Lt. Governor Bysiewicz Solicit Input From Transition Policy Committees As They Near Their 100th Day In Office
"As they approach the 100th day of their administration, Governor Ned Lamont and Lt. Governor Susan Bysiewicz convened a meeting with the co-chairs from each committee of their Transition Policy Working Groups to review the progress of the first 100 days and discuss priorities going forward..."
Governor Lamont: A Bigger Table, Open Door, And Creative Solutions Enabled Us To Advance A Better Deal To Keep Millstone Open For Another Decade
"Governor Ned Lamont and Lt. Governor Susan Bysiewicz today were invited by executives and employees from Dominion Energy to visit the Millstone nuclear facility in Waterford to celebrate an agreement reached by Dominion and the state’s two electric utilities last month to keep the facility open for another decade..."
Latest News From The Office Of Legislative Research
On a weekly basis the Office of Legislative Research ("OLR"), the Connecticut General Assembly's nonpartisan research arm releases reports on a wide variety of topics. Any member of the Connecticut General Assembly can ask the OLR for information on any given topic to get a clear understanding of what laws we have here in Connecticut and how we compare to other states. The reports issued by the OLR can serve as a preview of potential future legislation so we frequently check OLR’s website for updates.
Meet Representative Anne Hughes
Anne Hughes is a first-term State Representative serving Easton, Weston, and Redding’s 135th district. She serves as a member on the Aging, Human Services, and Insurance and Real Estate Committees in the 2019 legislative session. Anne works as a Licensed Master Social Worker for Jewish Senior Services’ Institute on Aging and as Coordinator for the Center for Elder Abuse Prevention. She also joined Easton’s DTC in 2016 to serve on Easton’s Commission on Aging.
Anne has devoted herself to public service throughout her life as exemplified by her decision to write a letter to President Nixon at the age of seven requesting him to consider the use of boxing gloves in lieu of semi-automatic rifles for wars. She was the Program Director at CLASP Homes INc, for over a decade which provides support homes for adults with autism and developmental disabilities. Anne co-founded the Norwalk Peacemakers and began The Goddess Faire art collaborative to host annual pop-up neighborhood art and music festivals.
She graduated Cum Laude from College of New Rochelle with Bachelors in Art and Political Science and earned her Master of Social Work at University of New England in 2014. She resides in Easton with her husband Tim with whom she has pursued a lifetime of community service.
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