Politics & Government Fazio supports trimming sales tax as inflation surges Greenwich Republican state senator exclaims that state still faces considerable unfunded state employee obligations ReplyRyan Fazio Ned LamontDonald Klepper-Smith Inflation Federal Reserve Board Connecticut Sales TaxBy Scott BenjaminGREENWICH – State Sen. Ryan Fazio (R-36) says the Republican Senate's proposed temporary reduction in the state sales tax is "directly targeted at the biggest problem that the public is facing, which is the high cost of living and inflation." In early January the GOP caucus called for slashing the sales tax from 6.35 percent to 5.99 percent from February 15 through the rest of 2022. State Rep. Bob Godfrey (D-110) of Danbury recently told Patch.com that he supports a permanent reduction in the sales tax. "To ignite the Connecticut economy for the long run, I believe the best alternative is tax reform and income tax rate reductions," Fazio declared. The Connecticut state fiscal profile apparently is the best it has been in more than a decade.

Source: New York Times January 23, 2022 01:30 UTC