Connecticut has a massive amount of taxes and a wretched and needlessly bollixed tax system. And contrary to what the Marx's and Hughes’ of the world are saying, people are noticing more and more the excessive nature and strain these taxes create. These taxes are progressive. These taxes insult the citizen and are painful. These taxes take productive money out of the economy and are redistributed to Democrat Party causes and political nepotism. These taxes fund a bloated state budget that just never is cut back. Yet Connecticut Taxpayers must find ways to save money in their personal budgets to help pay for these never-ending higher state taxes. Connecticut government makes no effort to cut taxes because such cuts would dilute its self-aggrandizing operation.
Perhaps, what these benign and somewhat blind lawmakers do not see is the enemy for what it really is. Without permanent Federal tax cuts, we will see the typical hodgepodge of multi-millionaire Socialist Democrats such as Bernie Sanders demanding justice and wanting to "tax" the rich since they “do not pay their fair share.” "Do they know how much the U.S. already soaks the affluent? IRS data for 2022 show that the top 1% of filers paid 40.4% of income-tax revenue. The top 10% shouldered 72% of the revenue burden. The bottom half of filers, combined, paid 3%, and that is an overstatement because it does not account for “refundable” credits, which are treated as spending." (https://www.wsj.com/opinion/tax-day-federal-taxes-gop-congress-donald-trump-irs-26dd938b?mod=opinion_lead_pos3). I wonder why Senator Sanders maintains his "wealth" and why it is wrong for others to want to also? I wonder if this is the reason why Billionaire Connecticut King Governor Ned Lamont the Unaccountable dresses in public like a forlorn bum in order to not focus on his bulbous family wealth and his related offshore secret holdings? Also, I wonder if this is why we never hear the state-run media talk about the family riches of Vietnam Combat Veteran Communist Senator Richard Blumenthal as it detracts from the “mission.” And the “mission” is to keep feeding the coffers of these self-interested political props so that they can come back next election cycle and take more of your substance from you to further embed themselves into your wallet each year.
As we have stated numerous times, Connecticut has one of the highest tax rates in the country and is last or near last in most economic categories. Connecticut, is a perpetual loser. Connecticut really has never recovered from the 1990 recession and 35 years later not much has changed. The continuation of unchecked spending with the desire to eliminate all checks and balances by trying desperately to end fiscal guardrails and deficit reduction only further add to the economic demise of the economy. As just one example, just look at how much new money the state wants to spend for "childcare". "H.B. 5003 would expand eligibility for the Care 4 Kids childcare subsidy program, provide salary increases and health care plans for early childhood workers, authorize bonding for facility improvements, and establish a range of new administrative requirements and reporting systems. According to the legislature’s Office of Fiscal Analysis (OFA) report, the bill would cost the state at least $600 million over fiscal years 2026 and 2027. That includes $150 million each year to expand Care 4 Kids eligibility — from the current 60 percent of the state median income to 85 percent — and to phase in benefits for families earning up to 100 percent of the median." (https://yankeeinstitute.org/2025/04/08/ct-dems-push-forward-child-care-bill-with-hundreds-of-millions-in-new-spending/” Over a half billion dollars of yet even more new spending which still offer little top no results in the ongoing childcare crisis and the horrific youth problems that Connecticut never seems to shake off.
Taxes, more taxes and even more taxes. More of the same each "Tax Day-April 15th". More inefficiencies and more pork barrel spending. Less and less disposable income for Taxpayers at all levels of government. $36 Trillion Dollar National Debt. Connecticut with $100 to $150 Billion Dollars in short- and long-term debt along with unfunded liabilities. It is a brand-new day, but we hear that same cries of more and higher taxes will solve every known problem on the face of the earth. But it never does.
On the April 15, 2025 “Lee Elci Show” (https://www.949newsnow.com/) my friend and colleague Tony De Angelo called for the formation of a volunteer “Connecticut Citizen DOGE with five-to-ten individuals having two months without restriction to drill at all state business in order to root out waste, fraud, and abuse in Connecticut. Tony is a realist and knows that not one elected official in either party would dare support a transparent effort that would lead to multi-million-dollar savings for taxpayers. The reason there would be no backing for such an endeavor is that it would lead to undoing of many of the politically constructed food chains that the politicians themselves have worked so hard to construct. The preceding statement alone tells you exactly what is wrong with this picture.
But once again, it is Connecticut. Where the motto should change from “The Constitution State” to “Citizen, Be Damned.”
No comments:
Post a Comment