- Associated Press - Thursday, April 18, 2019

HARTFORD, Conn. (AP) - Some legislative Democrats are considering a new capital gains tax on Connecticut’s high-earners, instead of following through with some of Gov. Ned Lamont’s proposed sales tax changes.

Democratic Rep. Jason Rojas of East Hartford on Thursday told WTIC-AM he expects the General Assembly’s Finance Revenue and Bonding Committee will hold a public hearing, possibly on April 26, on a proposed 2% tax on capital gains income earned by wealthy taxpayers.

He says the tax could generate about $262 million annually.

Rojas says it’s an option lawmakers should consider. He says it could give them the option of forgoing some of Lamont’s more contentious tax changes, such as imposing sales taxes on college text books and veterinary services.

Lamont has opposed raising the marginal rates of Connecticut’s personal income tax.



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Information from: WTIC-AM, http://www.wtic.com

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