$600 Million In Tax Cuts For CT Residents

May 3, 2022

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

Most importantly, though, this budget doesn't shy away from the needs that still exist in our community—and includes historic investments in climate change efforts, our education and healthcare systems, infrastructure, small businesses, and economic development.
 
Our state budget delivers on policies that, without a doubt, are steps forward to achieving our environmental goals, including better health outcomes for all residents.

I also voted to support the inclusion of a child tax payment in our state budget. The child tax payment will provide parents with qualifying incomes a graduated personal income tax credit of up to $600 for up to three dependent children under the age of 16.

Overall, this budget provides historic tax relief for parents, retirees, workers, and property owners.

600 Million in Tax Cuts Through BudgetOur 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
•    Establishing a state child tax credit worth $250 per child

In addition to this historic tax relief package, the spending side of this budget makes groundbreaking investments in children’s mental health, increases funding in juvenile justice and anti-crime programs, leverages new federal funding for important programs, and invests in childcare, education, and our workforce. The proposal now goes to the Senate for consideration.