Taxing the 1%
February 20, 2019State Dems Split On Taxing The 1%
by PAUL BASS, New Haven Independent
In a joint interview on WNHH FM’s “Dateline New Haven,” Elliott and Porter both came out against Lamont’s proposal to boost taxes on added-sugar drinks and on e-cigarettes. They opposed a push by a coalition of Democrats and Republicans to eliminate the estate tax. And they called for increasing state income taxes on the very wealthy.
“We kumbaya-ed over minimum wage. We kumbaya-ed over medical leave. That’s good. He ran on these things,” Elliott said of his and Porter’s discussions with Lamont, whom they praise for keeping open channels of communication and for being up front about his stands. “We know he’s going to fight for those things. But there are other things we’re going to fight for, like increasing the income tax. “
Elliott called for raising marginal rates on individuals earning over $500,000 a year and couples earning over $1 million from 6.99 percent to somewhere between 7 and 9 percent. That would bring the rate in line with the top 8.82 percent neighboring New York charges.
Read the full story in the New Haven Independent.