Lamont Proposes Tax Cut For Working Poor
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Gov. Ned Lamont gives the 2023 state-of-the-state address. Photo credit: Hugh McQuaid, CTNewsJunkie (we-ha.com file photo)
If the proposal is adopted, Connecticut’s EITC would be more generous than each of its neighboring states.
By Christine Stuart, CTNewsJunkie.com
Gov. Ned Lamont is not fond of making the child tax credit permanent, but he’s in favor of cutting state income taxes for an estimated 211,000 working poor families.
Next month, Lamont will propose bringing the state Earned Income Tax Credit up to 40%, making it among the top five states in the nation with the largest EITC rates.
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