$600 Million in Tax Cuts for CT Residents

April 28, 2022

After months of negotiation and hearing input from residents across our state, I am happy to pass along great news. I am poised to vote early next week on a state budget which provides historic tax relief for parents, retirees, workers, and property owners.

The budget proposal we unveiled today offers Connecticut taxpayers like you and our neighbors $600 million in tax cuts. $600 MILLION!

Our budget plan CUTS YOUR TAXES by:

•    Cutting state income taxes for retirees
•    Lowering property taxes on homes and cars
•    Extending tax cuts for workers in low-paying jobs (EITC)
•    Creating a state tax credit for childcare
•    Extending the 25-cent gas tax cut until December
•    Establishes state child tax credit worth $250 per child

As we approach a vote on this historic tax relief package, I will update you in the coming days on the spending side of the budget where we make groundbreaking investments in children’s mental health, increase funding in juvenile justice and anti-crime programs, leverage new federal funding for important programs, and invest in childcare, education, and our workforce.