CT Dems’ Reaction: “Connecticut Republicans are embracing a plan that increases taxes on middle-class families, harms homeowners struggling with crumbling foundations, erodes home values and strips health care from thousands of residents, all to give a major handout to the wealthy and large corporations. Connecticut Republicans’ decision to support this backwards tax scam shows once again that they would rather throw our state under the bus than stand up to Donald Trump and his national GOP allies.” – Connecticut Democratic Party Executive Director Michael Mandell
Hartford Courant: 7 Questions Answered For Connecticut Taxpayers About The Republican Tax Plan
By Russell Blair
Homeowners in Connecticut with crumbling foundations and Yale University could be among the losers if the tax legislation that passed the U.S. Senate over the weekend is signed into law by President Donald Trump.
The tax debate has been sharply partisan, with Republicans saying it will reduce taxes on the middle class and Democrats saying the opposite.
Multiple nonpartisan analyses agree that corporations and the wealthy will see the greatest benefits from the tax bill. Filers that take the standard deduction will benefit more than those that itemize.