Rep. Tweedie says new budget, horrible for Connecticut

HARTFORD — A Democrat proposed two year budget, which is estimated to raise taxes in Connecticut by $1.5 billion, increase spending by 7.5%, and obliterate the spending cap, passed, June 3, in the House.

Rep. Mark Tweedie (R-13) currently serving his first term, said he could not, under any circumstances, support this budget, which reduces property tax credits, and reduces phase out thresholds for married and single filers, essentially increasing taxes on the middle class by $152 million over two years.

“This is a horrible budget plan for our state, and for the towns of Manchester and Glastonbury. It’s implemented on the backs of our middle class and our businesses. If we want to increase job growth, promote business expansion and be competitive with other states, this is not the way to do it,” said Rep. Tweedie.

Aetna, Travelers, and GE issued statements against the passage of this budget, prior to its introduction on the house floor. GE threatened to leave the state if the budget, as proposed, was signed into law. Connecticut firms like GE are opposed to a new unitary tax that would increase corporate taxes by an estimated $27 million.

The budget passed by a vote of 73-70 in the House Chamber. It also passed in the Senate. If signed by the Governor, the tax increases will be second largest tax increase in Connecticut history. The largest tax increase was signed into law by Governor Malloy in 2011.

“It’s not too late,” said Rep. Tweedie. “The Governor can still keep the promise he made to Connecticut when he campaigned for reelection. He said he would not raise more taxes. He can veto this budget, and we can all work together to draft a document that is healthier to our state and fair for our residents and businesses,” he said.