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Joseph F. Brennan

Panel: Cut Income Tax, Raise Sales and Corporate Taxes

Panel: Cut Income Tax, Raise Sales and Corporate Taxes

An advisory committee established to help steer Connecticut out of its fiscal troubles recommended Thursday a new approach to the state’s finances that would cut the personal income tax while simultaneously raising the sales and corporate taxes.

The wide-ranging recommendations by the bipartisan Commission on Fiscal Stability and Economic Growth also urged a slimmed-down state government, proposed stripping employee fringe benefits from collective bargaining by handing the task to lawmakers and suggested the governor and lawmakers find $1 billion in cuts. The commission also recommended the controversial idea of establishing electronic highway tolls — an idea that has caused clashes...

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