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Press Release

    Yankee Institute Report: Failure of the Conn. State Income Tax

    08/24/2006

    Download the complete study here

    In August 1991, Connecticut legislators and Governor Lowell P. Weicker responded to a short-term budget crisis by enacting the state’s first broad-based income tax.

    Supporters hailed the income tax as a powerful mechanism to fix the state’s fiscal condition and -- because it allowed minor cuts in other taxes -- jumpstart the Connecticut economy.

    But a decade and a half after its passage, it is now clear that the income tax has failed.