WASHINGTON (Reuters) - Republicans in the Senate on Saturday blocked Democratic legislation that would renew low tax rates for individuals' income up to $200,000 and families' income up to $250,000, letting them rise for the wealthiest.
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BING NEWS:
- Legislature OKs 2.5% raise plus step hike for most CT employees
Analysts say the raises will cost CT about $190 million next fiscal year. Raises go into effect July 1 and a step hike on Jan. 1.
04/23/2024 - 8:51 am | View Link - CT officials insist tax cuts will remain as pandemic relief expires
Despite a projected $16B income tax revenue loss across CT and 25 other states, Lamont and the legislature agree CT tax cuts aren’t at risk.
04/18/2024 - 9:25 am | View Link - ‘I Don’t Think of Myself as Rich’: The Americans Crossing Biden’s $400,000 Tax Line
The president’s attempt to shield the middle class from tax increases adds tax-code complexity as more households’ income rises above $400,000.
04/13/2024 - 2:00 pm | View Link - More
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