How Do We Fix An $8 billion CT Budget Gap?

How do we fix an $8 billion budget gap?

With drastic cuts to nursing homes, job training programs, libraries and healthcare?

There’s a better choice for Connecticut.

We can’t balance the budget on the backs of middle class and working poor families.
Let’s protect vital public services by raising the income tax on the very wealthy and closing corporate tax loopholes.

Economic Crisis Facts:

Middle and Low-income families in Connecticut pay over 10% of their income in state and local taxes.
The wealthiest 1% of Connecticut families pay less than 5% of their income in state and local taxes.
Connecticut spends over $300 million on corporate tax credits.
We only collects 37% of corporate taxes and gives back the other 63% in tax credits.
Income inequality has increased more in Connecticut than in any other state.
Between 2001 and 2007 wages for the average Connecticut worker declined – and that was before the current recession even started.
Every state in the U.S. saw a decline in employer-sponsored health insurance between 2001 and 2008.

The Better Choices Plan:

The Better Choices for Connecticut plan raises revenue to maintain the high quality services we all depend on without devastating cuts by raising new revenue:

An income taxes on the state’s wealthiest residents making over $250,000 per year.
Closing corporate tax loopholes.
Reducing subsidies to the entertainment industry
Increased taxes on alcohol and tobacco
A penny increase in the sales tax

We would also help working families and small businesses by implementing a state earning income tax credit and a new small business property tax credit.

The rest of the budget gap would be filled in the state’s rainy day fund and the Federal stimulus package.

CALL YOUR STATE SENATOR Today:
Call (860) 240-8600

Learn more or get involved:
http://www.BetterChoicesForCT.org

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