Revised Tax Package Clears Committee

A revenue package that rejects many of Democratic Gov. Ned Lamont's contentious tax proposals, but includes new or higher taxes on everything from capital gains income to alcohol, is advancing through the General Assembly.

The bill cleared the Democratic-controlled Finance Revenue and Bonding Committee on Wednesday.

The bill greatly scales back Lamont's plan to apply Connecticut's 6.35% sales tax to more goods and services, impacting five instead of about two dozen. It also nixes a proposed tax on sugary drinks and a proposal to eliminate a planned expanded income tax exemption for Social Security income.

Republicans say the plan still includes too many tax increases.

The revenue proposal will become the basis for upcoming negotiations between Lamont and state legislators on a final budget plan.

Copyright AP - Associated Press
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