Connecticut Republicans Propose Tax Cut, Property Credit Boost

0:00House Republicans in Connecticut just dropped a compromise plan to give middle-class folks and income tax cut up to $350 per filer. They're pushing to boost the property tax credit from $300 to $650, which would run the state about $200, $75 million a year. This comes as Governor Ned Lamont pushes for a one-time $200 rebate per person this fall. Republicans say that's not enough, especially with the state's massive $33 billion pension debt and tough budget pressures from. Federal cuts and shaky global markets. Folks are feeling the pinch from sky-high living costs and rising property taxes. House Minority Leader Vincent Candelora called the rebate a political stunt, not real policy that lasts. The Governor's team insists any changes got to be sustainable, focusing on saving costs long-term. To pay for it, Republicans want to scrap the tax credit for 80,000 Connecticut residents working remotely for New York bosses.

1:02That could bring in up to $340 million a year by forcing a showdown over double taxation, since New York's top rate hits nearly. 11% versus Connecticut's 6.9%, 9%. Tensions are high with election season looming, but this pitch shows Republicans ready to negotiate while pushing back on one-off fixes could spark. Real change or just more budget battles ahead. That's your update from Hartford News today, powered by AI. I'm Cory with the story.