President’s 2008 Budget Proposes Deep Cuts That Shift Costs onto Connecticut

President Bush’s proposed 2008 federal budget would make deep cuts in funding to Connecticut that would weaken a broad range of government services. At the same time, it would extend tax breaks that provide windfall gains to only the very wealthy. For example, Low Income Home Energy Assistance cuts would mean that 11,900 state residents would go without needed help managing skyrocketing energy cost. Meanwhile, a taxpayer with a million dollars in income would receive $162,000 in tax cuts in 2012 alone.