Lamont Details Promised Income Tax Cut

Gov. Ned Lamont speaks to reporters on Feb. 6, 2023. Photo credit: Hugh McQuaid, CTNewsJunkie

The proposal will be included in the proposed budget the governor plans to present to the legislature on Wednesday.

By Hugh McQuaid, CTNewsJunkie.com 

Gov. Ned Lamont on Monday detailed a long-promised reduction in Connecticut income tax rates. The proposal is targeted at middle class families, but would help reduce income taxes for 63% of state taxpayers and virtually eliminate income taxes for households that qualify for the earned income tax credit.

The plan, which he announced during a press conference in East Hartford, would lower the rates in the first two of the seven tax brackets. It would reduce the rate on the first $10,000 of earned income from 3% to 2% and would lower the rate on earned income from between $20,000 and $100,000 from 5% to 4.5%. It essentially means joint filers could see about a $600 reduction in their income taxes and single filers could see about $300.

Click here to read the rest of the article on CTNewsJunkie.com.

Like what you see here? Click here to subscribe to We-Ha’s newsletter so you’ll always be in the know about what’s happening in West Hartford! Click the blue button below to become a supporter of We-Ha.com and our efforts to continue producing quality journalism.

Print Friendly, PDF & Email

About the author


We-Ha.com is the place to go for the latest information about West Hartford – a town that "has it all"! We-Ha.com is part of and proud of our community, and we bring a hyperlocal focus to news and features about the people, schools, businesses, real estate, sports, restaurants, charitable events, arts, and more. Contact us at: [email protected] or [email protected]

Leave a Comment

Translate »