Assembly already breaks promise on tax exemption

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Crossed fingersConnecticut’s state Senate has already broken a promise on the Social Security tax exemption included in the new state budget.  The House is expected to follow suit.  Under the new budget passed last month, the threshold on those mandated to pay a state income tax on their Social Security was raised to $75,000 for single filers and $100,000 for couples.  That was scheduled to go into effect in 2018, but when the Senate met Tuesday to make adjustments to the budget, they delayed raising the threshold until 2019.    The House meets Wednesday to vote on the changes.

And don’t count on 2019 either.  The so-called new budget is already in the hole $175 million in the current fiscal year and $150 million next year.   The General Assembly will be readjusting that budget again, and again, and again.

Comment (1)

  1. All adjustments made will depend on how far into our pockets they can reach. You can’t be surprised, can you?? Promises broken now that’s a surprise ??

    Reply

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