Study: GOP Tax Bill Would Give Average CT Family $835 Tax Cut, Create 4K JobsDecember 19, 2017
The Tax Foundation's analysis of the final version of the GOP tax bill suggests the legislation will be a job-creator and an income-booster in Connecticut.
The Tax Foundation reported this week that the final version of the GOP tax bill is expected to give the average middle-income family in Connecticut an $835 annual boost in income.
The $835 boost is 28.6 percent more than the average American’s income boost, which sits at $649, according to the Tax Foundation.
The nonpartisan group also found that the bill is expected to create almost 4,000 jobs in the state of Connecticut.
Connecticut residents will see the second-largest hard-dollar boost in income, with only New Hampshire residents coming slightly ahead.
- New Hampshire: $838.86 boost
- Connecticut: $835.15 boost
- Alaska: $832.95 boost
- Maryland: $811.36 boost
All of Connecticut’s representatives and senators in Congress are expected to vote against the bill.
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