Tuesday, May 01, 2007

The Democratic income tax plan...

State Sen. Edith Prague, D-Columbia, has scheduled a press conference at Norwich City Hall this afternoon to discuss the Democratic proposal to implement a graduated income tax hike as part of its two-year state budget proposal.
Democrats estimate that 90 percent of the state’s income taxpayers will see a reduction in taxes if adopted.
The graduated income tax structure places a larger tax burden on the state’s wealthier income earners. Democrats have proposed this method in response to Gov. M. Jodi Rell’s plan to increase income taxes by an across-the-board 10 percent hike to fund her plan to increase education aid.


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