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Boughton Releases “Comeback” Plan, Leads With Tax Cuts

July 17, 2018 By Staff
Boughton Releases “Comeback” Plan, Leads With Tax Cuts

The mayor of Danbury, and GOP-endorsed candidate for governor, released a 10-point plan for the state on Monday.

Mayor Mark Boughton (R-Danbury), the GOP-endorsed candidate for governor, released a 10-point plan for “Connecticut’s comeback” on Monday, leading with tax cuts and addressing issues from education to transportation to health care.

In a statement accompanying the release of the plan, Boughton said his plan “will take hard work,” but a comeback “is real and achievable.”

“We have a comprehensive vision for revitalizing our state after eight long years of one-party Democrat rule in Hartford. We can get out from under the failed policies of Gov. Malloy that have led to zero economic growth, wrong-headed approaches to criminal justice, the gutting of human services and ill-conceived transportation systems,’’ Boughton said. “It will take hard work but Connecticut’s Comeback is real and achievable if we start making the right decisions and public policy choices.’’

The plan is led by state income tax cuts in most brackets:

  • The 3.00% rate ($0-$10,000 for single filers) would become 2.75% (an 8.3% cuts)
  • The 5.50% rate ($50,000-$100,000 for single filers) would become 5.25% (a 4.5% cut)
  • The 6.00% rate ($100,000-$200,000 for single filers) would become 5.75% (a 4.1% cut)
  • The 6.50% rate ($200,000-$250,000 for single filers) would become 6.25% (a 3.8% cut)
  • The 6.90% rate ($250,000-$500,000 for single filers) would become 6.75% (a 2.2% cut)
  • The 6.99% rate ($500,000+ for single filers) would become 6.90% (a 1.3% cut)

It’s unclear in the plan what, if anything, will be done with the 5.00% rate ($10,000-$50,000 for single filers).

Boughton also presses elimination of the business entity tax, enactment of tax credits and deregulation for employers large and small, expansion of education opportunities, and reforms in Connecticut’s infrastructure program.

Boughton’s plan does not directly address the state’s debt, or the perpetual budget deficit crisis, but Boughton expressed optimism about cutting deficits and debt in an interview with Reclaim Connecticut last month.

“Our plan phases taxes down over a 10-year period, in recognition that we’re going to have to reorganize state government. There’s no question that the first step will to be going after a lot of the low-hanging fruit, in terms of a reorg. That means elimination of certain departments, it means combining other departments, it means outsourcing other departments. So, every strategy you can use will have to be used. As each year goes by, the deficit grows smaller and smaller and smaller, the projected deficit, the future. So that number, that final number, isn’t as bad as it looks right now. But that and adopting a series of pro-growth initiatives, in terms of our relationship with business, will also spur investment, will spur greater revenues as well.”

Boughton faces former First Selectman Tim Herbst (R-Trumbull) and businessmen Steve Obsitnik, Bob Stefanowski, and David Stemerman in an August 14 GOP primary.