The Connecticut Democrat Party Cannot Tax Connecticut Taxpayers Enough

There really is never enough tax revenue for the Connecticut Democrat Party to confiscate and to spend on themselves and their political connections.  Evidence of this comes from four new proposed bills that all raise taxes in one of the most highly taxed states in the country.  All of these proposals come at a time where the state has a $3 billion dollar surplus and/or in other terms has overtaxed its Taxpayers by $3 billion dollars.  The bills include the infamous TCI tax found in the premises of "Proposed S.B. 1145, (stating to) enforce the state's greenhouse gas emissions goals through the establishment of certain sector subtargets and authorize emission standards for certain small off-road engines." This horrific and nonsensical Orwellian bill mandates all sorts of fines and penalties for "emissions" and apparently carbon releases.  The bill will add a large increase to the state's gasoline tax and will force Connecticut into regional emissions programs that will raise the cost of energy overall.  Again Taxpayers were vocal in their objections to this incoherent bill before, and again the Connecticut Democrat Party disregards the public's vehement opposition to the bill.  Connecticut Taxpayer, you be damned.

The premises of Proposed S.B. 774 state that its purpose is "To adjust certain marginal rates for the personal income tax and establish a capital gains surcharge on certain taxpayers."  What does a capital gains surcharge do for any economy other than prevent economic growth and drive innovators and achievers from the state?  It also increases the state income tax rate for the highest income earners.  Why?  Hasn't Connecticut seen a mass migration of the high income taxpayers flee already?  This bill is ironic since we are told that Governor Lamont made $54 million dollars in income, but Connecticut Taxpayers have no idea if he paid a penny in state income taxes since neither he, (nor his SEC-documented connections to offshore tax-havens) are fully disclosed by him.

Proposed S.B. 776 increases the property tax "To establish a state-wide property tax on residential real property with assessed values of more than one million five hundred thousand dollars and to dedicate such revenue to fully fund the equalization aid grants under section 10-262h of the General Statutes".   Section 10-262h is: "For the fiscal year ending June 30, 2023, each town maintaining public schools according to law shall be entitled to an equalization aid grant as follows: (1) Any town whose fully funded grant is greater than its equalization aid grant amount for the previous fiscal year shall be entitled to an equalization aid grant in an amount equal to its equalization aid grant amount for the previous fiscal year plus sixteen and sixty-seven-one-hundredths per cent of its grant adjustment; and (2) any town whose fully funded grant is less than its equalization aid grant amount for the previous fiscal year shall be entitled to an equalization aid grant in an amount equal to the amount the town was entitled to for the fiscal year ending June 30, 2022." (https://www.cga.ct.gov/current/pub/chap_172.htm#sec_10-262h)  What does this convoluted mess of gibberish mean as to where this new tax revenue is going? Let your imagination run wild for a moment.

Proposed H.B. 5673  in part, proposes: "(to) establish a state-wide property tax at the rate of 2 mills on commercial and residential real property with an assessed value of more than one
million five hundred thousand dollars; (8) increase the rate of the corporation business tax to eleven and one-half per cent; (9) extend the imposition of the corporation business tax surcharge and increase the
rate of such surcharge to twenty per cent; (10) require the Department of Revenue Services to hire fifty additional in-house auditors to assist in the closing of the state's tax gap by collecting taxes and assessing penalties and interest as applicable" (https://www.cga.ct.gov/2023/TOB/H/PDF/2023HB-05673-R00-HB.PDF).  Thus one can conclude that the state will become even more aggressive and hostile  in squeezing tax revenue out of Connecticut Taxpayers, will lose even more businesses as they flee the state due to new and even higher taxes and will ultimately drive Connecticut to be the highest taxed state in the country and last in all business climate categories.  In other words, it will help keep Connecticut in a perpetual Democrat Party induced recession, with no way out.

The Connecticut Democrat Party with its assorted enablers and facilitators can not tax Connecticut Taxpayers enough. The Connecticut Democrat Party can not tax Connecticut businesses enough.  The Connecticut Democrat Party has no understanding of economic growth and economic development, and is proudly arrogant in its ignorance.  Tax and spend is their drug, a drug that keeps Connecticut on the brink of economic ruin day and night.  To add more insult to injury, the Connecticut Democrat Party has no plan whatsoever to resolve Connecticut's massive short and long term debt along with its unfunded liabilities of $100 to $150 billion dollars.  And Connecticut taxpayers can be sure that this will not be the end to new and or higher taxes as they have seen since 1991.  Next year and the year after and the year after the same story the rich never pay enough taxes, the middle class never pay enough taxes, and there is never enough money for those truly in need.  It is the same incoherent social and economic gibberish the Connecticut taxpayer has been force fed since 1991.  32 years of the same stale rhetoric and lies, with no genuine vision to the contrary, ever.  All for political power and political gain.  Nothing more, nothing less.  And the Connecticut Taxpayer can never pay enough to satisfy the economic cancer and masquerade that is called state government.  It is 1776 all over again especially in the "Constitution" state of Connecticut.