State Rep. Scanlon launches tax fairness debate with proposed $450M break for poor, middle class families

Back • Publication Date: January 19, 2021 • Fiscal & Economics

Low- and middle-income families with children would receive their largest state income tax break in nearly a decade under a new proposal to be unveiled Tuesday by the new co-chairman of the legislature’s tax-writing panel.

The new child tax credit proposed by Rep. Sean Scanlon, D-Guilford, would pump between $150 and $450 into households earning about $203,000 or less during its first year, depending on the number of children each family has.

It would be gradually increased over the next three years, sending between $600 and $1,800 into households from the same income group once fully implemented in the fourth year.

Patterned after the federal child tax credit, the state program also would be available to households earning between about $203,000 and $682,000, though their relief would be reduced on a sliding scale proportional to income…. [Read the complete article by clicking the link.]

Authors: Keith M. Phaneuf •  Source: CT Mirror • View