Not the time for more taxes

Democratic leaders have, without apology or explanation, abandoned the promises they made to taxpayers and businesses just two short months ago and are now proposing significant tax increases. This is a striking reversal and one that could have a devastating effect on our economy.

In addition to a new “Delivery Services Tax” which would, for the first time, apply a 6% tax to the delivery charges of all goods transported in Connecticut including documents, products and groceries, a new Homestead Exemption will result in additional tax increases on Connecticut businesses by shifting the municipal tax burden to non-residential taxpayers.

Imposing new taxes on Connecticut businesses, especially at a time when a record number are closing their doors ,is terrible public policy. This legislature should be working with Connecticut businesses to help create and keep jobs in our state. Repealing the Business Entity Tax and expanding the Job Creation Tax Credit are two ways we can help.