By “flattening it out” and doing away with some unspecified exemptions, Malloy said under his plan the tax will drop from the current 6.35 percent to 6.2 percent this year, then 5.95 percent next year.
“Which will be the lowest it’s been since 1971,” Malloy said. “It’s a way to give some relief to the middle class.”
1989, of course, was the last year our state had no income tax. Since that tax came in – thank you, Lowell Weicker, Squibb heir with dividend, but no earned income – we have seen a flat-lining of our population, while state spending has tripled, the state workforce has doubled, our gasoline taxes and electricity costs are among the highest in the nation, and we’re now ranked 50th in the “worst states to do business in” surveys. Malloy thinks we’ll begin to address that by reducing sales tax by 0.04%. This is Democratic “leadership”.
Last week, Connecticut’s Tax Commissioner admitted that the state is dependent on “six or seven” individual taxpayers to help carry the state. Only the most starry-eyed liberal can think that this is a proper way to fund state spending; the rest of us worry that the golden geese might just fly away, and the rest of us will have to pay for all these state workers and governmental largess with, what? A higher sales tax? (Another) increased estate tax? (Another) hike in income tax? Higher business taxes and fees? All of the above?
In the meantime, the do-gooders in the Junior League and our ridiculous First Selectman Peter Tesei are doing their best to follow Malloy’s lead here in Greenwich. This state is delusional.