CT Democrats looking to Biden’s help to fight virus, build economy

Gov. Ned Lamont, U.S. Sen. Richard Blumenthal, U.S. Rep. Rosa DeLauro, state Attorney General William Tong and Secretary of the State Denise Merrill told reporters that Biden’s inauguration puts on-track the next $1.9-trillion aid plan, including up to $400 billion for state and local governments. Connecticut is well positioned to fare well under the Biden administration. In addition to COVID-related bailout money and more for infrastructure, the elected leaders said they expect that full IRS deductions for state and local taxes will be returned. Trump’s tax reform of 2017 limited deductions to $10,000 for state and local taxes, costing residents of high-tax Connecticut billions of dollars — and prompting Northeast states to sue the federal government over the change. “I think Joe Biden’s plan to revive the economy, to provide stimulus payments, aid for small businesses, unemployment insurance, assistance to state and local governments, maybe most-important a massive, major call to action on distributing vaccine” will succeed, Blumenthal said.

https://www.middletownpress.com/middletown/article/CT-Democrats-looking-to-Biden-s-help-to-fight-15886035.php

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