Governor Dannel P. Malloy proposes plan to cut Connecticut sales tax

Governor Dannel P. Malloy proposes plan to cut Connecticut sales tax

On Monday, Connecticut Governor Dannel P. Malloy officially revealed his proposal to lower states sales tax to 5.95% from its current 6.35% rate for most items.

According to Molly, his proposed changes to the sales tax amount aims to provide tax relief for middle class families.

He briefly took questions about his plan during a tour Monday morning in downtown Middletown. He broadly outlined some of his tax proposals during an interview on WFSB-TV's 'Face the State' broadcast a day earlier.

However, the republicans warned that consumers might not benefit as much from the planned reduction in the sales tax as portrayed by Molly.

House Minority leader Themis Klarides, R-Derby, said that the governor raised state taxes to 6.35% from 6% in 2011. Then, his budget adjustments proposed $55 taxpayer rebates last year until they disappeared due to worsening of state's financial picture.

Klarides said, "At first you want to say, 'I can't believe it,' then it's exactly what you believe it to be. It's like the boy who cried wolf".

She stressed that although the two-tiered reduction in sales taxes gained the governor headlines, the savings may be minimal for consumers in the two-year budget.

State Senate Minority Leader Len Fasano, R-North Haven, said that he needs a lot more information before he decides whether to support cutting the current 6.35% sales tax down to 5.95% by April 1, 2017.

Malloy mentioned that his plan would bring the sales tax to its lowest level since 1971. It would cut the rate in two phases beginning in November, when the sales tax would be lowered to 6.2% followed by a drop to the proposed 5.95% rates as of April 2017.

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