Democrats Propose Budget

From CT News Junkie:

The Democrat-controlled Appropriations and Finance Committees proposed a two-year budget Thursday that includes tax increases, borrowing, and spending cuts.

At a press conference this morning the Democratic co-chairmen of the two budget writing committees said their budget spends about $164 million less than Republican Gov. M. Jodi Rell’s $38.4 billion two-year proposal. It also cuts about 25 percent of managerial positions at the Department of Children and Families and reduces the amount of municipal aid cities and towns receive through the Mashantucket-Pequot grant by about $49 million over two years.

In addition, Democrats said they want to borrow up to $500 million this year to help the state with the current fiscal year 2009 deficit and use the $1.4 billion rainy day fund for the deficits in 2010 and 2011. On the revenue side, the Democrats will try again to pass a “progressive” income tax starting at 6 percent for couples making $250,000 a year. The percentage jumps to 7 percent for those making over $500,000, 7.5 percent for those making over $750,000, and 7.95 percent for those making more than $1 million per year. Currently, all of those income brackets pay 5 percent.

The plan also includes a lower phase-out of the property tax credit and a three-year increase in the corporate tax. The income tax would remain lower than New York’s income tax, with its recent agreed to changes.

Again according to CT News Junkie, “The budget pie chart presented by the Democrats Thursday said 27 percent of their budget is spending reductions, 37 percent tax increases, 17 percent federal stimulus dollars, and 19 percent from the rainy day fund.”

The J-I notes:

And despite tackling a fiscal hole far worse than the one Rell addressed, top Democrats said the plan they would unveil today would spend less than the $38.4 billion in total appropriations Rell has recommended for the 2009-10 and 2010-11 fiscal years.

Williams, who last week called the Republican governor “dishonest,” has clashed with Rell since when she offered a budget plan on Feb. 4 that closed a $6 billion built-in deficit for the next two fiscal years.

Nonpartisan legislative analysts reported at the same time that the problem was closer to $9 billion based on current spending and taxation policies, and both Rell and her budget chief had referred to a shortfall of about $8 billion prior to her budget presentation.

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26 responses to “Democrats Propose Budget

  1. The Democrats have wasted months trying to soften up the public to their tax increase which was inevitable. And now we have it… $3.3 billion worth.

    The 30% corporate tax is a brilliant stroke, a kick in the groin to struggling businesses which are already laying off thousands of Connecticut workers. This ought to make sure that number goes up higher.

    If the Democrats pass this lousy package a lot more middle class residents are going to get pink slips.

  2. BREAKING: Republican Commenter “Headless Horseman” calls tax increases “inevitable!”

    Muwhawhawhawha!

  3. BREAKING: Republican Commenter “Headless Horseman” calls tax increases “inevitable!”

    Yeah Gabe…. with 2/3 of the General Assembly liberal Democrats who are unable to think in abstract shapes, I’d say tax increases were inevitable.

    But I’m glad you addressed me and not what I said. Tank empty already after one post?

  4. scanman1722

    The Democrats have wasted months trying to soften up the public to their tax increase which was inevitable. And now we have it… $3.3 billion worth.

    The Democrats just had the balls to do what the Republicans didn’t: tell the truth about the actual deficit and raise taxes to keep this state functioning. Rell’s song and dance of pretending like she can’t do math was a political ploy so she could avoid having the guts to propose a tax hike herself. Once again, the Democrats do the dirty work while the teflon governor skates away scott-free. But then again….leadership is about making unpopular choices. Apparently the governor didn’t get the memo.

  5. Wow. /lighthearted fun

  6. The Democrats have wasted months trying to soften up the public to their tax increase which was inevitable. And now we have it… $3.3 billion worth.

    Kind of similar to the amount of deficit that Rell ignored from her budget! What a shocking coincidence.

    But I’m glad you addressed me and not what I said. Tank empty already after one post?

    Are you happy now? I solemnly promise to never again joke with you.

  7. Wow. /lighthearted fun

    You kidding? EVERYTHING is lighthearted fun to me!

  8. Rell’s song and dance of pretending like she can’t do math was a political ploy so she could avoid having the guts to propose a tax hike herself.

    Guts. Ha ha ha! Are you kidding me! Raising taxes doesn’t take GUTS! It takes cowardice!

    It is the political act of a group of third-rate hack politicians rendered so incapable of making REAL tough choices, like what to trim in government. It represents being unable to prioritize anything because you want to offend no one.

  9. Are you happy now? I solemnly promise to never again joke with you.

    No no! I insist you do! I hate stuffy people.

  10. wtfdnucsailor

    Nobody likes to pay taxes but no one wants services eliminated. If taxes don’t go up on folks that can afford to pay a little more, then services for those in need, especially in these difficult economic times, would have to be eliminated. Not a good choice. On the surface, it appears that the DEMS have split the reduction in services and the necessary tax increases reasonably well. Of course, there may be changes once the rank and file gets an opportunity to comment and point out things that the committees might have missed. It took longer than most of us would have liked but it is at least addressing the problem.

  11. It is the political act of a group of third-rate hack politicians rendered so incapable of making REAL tough choices, like what to trim in government. It represents being unable to prioritize anything because you want to offend no one.

    Their budget was smaller than the governor’s. And what she trimmed was…

    The 30% corporate tax is a brilliant stroke, a kick in the groin to struggling businesses which are already laying off thousands of Connecticut workers. This ought to make sure that number goes up higher.

    jobs.

  12. jobs.

    When I think of jobs I think of the private sector. You know, where all the wealth is created?

    Apparently when you think of jobs you think of government jobs and make-work posts.

    I am more upset about 14,000 private sector jobs lost in February than I am in 850 government jobs.

  13. Their budget was smaller than the governor’s. And what she trimmed was…

    It was? I see… where are the agency consolidations like the governor had? Where are the department mergers? Must have missed that.

    This budget doesn’t trim down to get us closer to living within our means. It just borrows and taxes to support the same old monstrous government.

    “CHANGE.” Outstanding.

  14. When I think of jobs I think of the private sector. You know, where all the wealth is created?

    Apparently when you think of jobs you think of government jobs and make-work posts.

    When I think of jobs, I actually think of both private sector and public sector jobs. Because they are both, you know, jobs.

    I am more upset about 14,000 private sector jobs lost in February than I am in 850 government jobs.

    And if you read what I linked to, there was only a passing mention to the 850 public sector jobs. The post was actually about the construction and automotive ([gasp] private sector) jobs that the Governor’s budget would eliminate.

  15. Hey Headless,
    It wasn’t just inevitable, it is their only answer. State and all Public Sector Jobs are Scared Cows and eliminating wasteful and overlapping jobs will at the same time eliminate their voting base. This is a time to reflect and see how much Government we need in our lives and how many tax-payer funded commisions we actually need. Which in my view is none.
    Gabe wouldn’t be able to funtion if we didn’t have Womens Studies Commision or whatever the hell it is named.
    Years ago Al Gore went on Letterman and smashed a glass ashtray with a hammer to illustrate a wasteful program that the US was funding. We were funding someone to count the dispersment pattern of that smashed glass. tiem for someone to smash the hammer on the wwasteful spending it CT, but don’t count on Democrats. They are acting like it is pre 2008.

  16. It was? I see… where are the agency consolidations like the governor had? Where are the department mergers? Must have missed that.

    I know evidence and numbers are terribly frightening to conservatives, but their budget had “$164 million less than Republican Gov. M. Jodi Rell’s $38.4 billion two-year proposal.”

    This budget doesn’t trim down to get us closer to living within our means. It just borrows and taxes to support the same old monstrous government.

    The necessity of borrowing and taxing was because they actually addressed the entire deficit. It sure was easier for the Governor to ignore 25% of it!

  17. Liberals aren’t happy until everyone in miserable.

  18. We now live in a world where it is no longer a mission to be successful and to move up the income ladder to help support your family and save for the future, but one where we now try to hold onto and keep what we have.
    I’m just waiting for that ACORN census-taker to be forcibly placed in my house.

  19. Years ago Al Gore went on Letterman and smashed a glass ashtray with a hammer to illustrate a wasteful program that the US was funding. We were funding someone to count the dispersment pattern of that smashed glass. tiem for someone to smash the hammer on the wwasteful spending it CT, but don’t count on Democrats. They are acting like it is pre 2008.

    From The West Wing (where Christian Slater played the Navy guy who worked in the White House):

    DONNA
    $500 screwdrivers is why you didn’t vote for the President?

    JACK
    I work for the President. That’s a lot.

    DONNA
    It’s wasteful spending.

    JACK
    No, it’s not.

    DONNA
    A $400 ashtray?

    Jack picks up a wrench and smashes an ashtray that’s on his desk. It breaks
    into three
    large chunks.

    DONNA
    What was that?

    JACK
    A $400 ashtray. It’s off the U.S.S. Greenville, a nuclear attack submarine
    and a likely
    target for a torpedo. When you get hit with one, you’ve got enough problems
    without glass
    flying into the eyes of the navigator and the Officer of the Deck. This
    one’s built to
    break into three dull pieces. We lead a slightly different life out there
    and it costs a
    little more money.

    DONNA
    I can’t believe you broke a $400 ashtray.

    JACK
    Yeah, I wish I hadn’t done that. It’s… ’cause you’re blonde.

    I tried to find the video but it wasn’t online – too bad, it was a great scene.

  20. I know evidence and numbers are terribly frightening to conservatives, but their budget had “$164 million less than Republican Gov. M. Jodi Rell’s $38.4 billion two-year proposal.”

    If you call that report “evidence,” frankly, I don’t know what to tell you.

    When does it end, Gabe? When do we stop raising taxes? When can we expect the government to live within its means, not to mention mine?

    The Democrats’ budget will adversely effect every family in Connecticut, not just the “millionaires” who make over $250,000 a year.

  21. I know evidence and numbers are terribly frightening to conservatives, but their budget had “$164 million less than Republican Gov. M. Jodi Rell’s $38.4 billion two-year proposal.”

    Is that the money line that’s supposed to convince us all that this is conservative and responsible?

    $164 million is a drop in the bucket in an $8 billion budget. Imagine how much less that fabulous Democrat budget would be if they incorporated the government trimming ideas the governor put forward!

    So far this session Democrats have:

    1. Moved to outlaw plastic bags
    2. Refused to take pay cuts when their constituents are losing their jobs
    3. passed a pay-raise for state employees while Connecticut has lost 52,000 jobs in the last year
    4. proposed a $3.3 billion tax increase

    Good session.

  22. It’s ironic that the Yankee institute predicted in 2006 a 2nd Civil War, this time between Public Sector Employees and the Taxpayer…

    http://www.yankeeinstitute.org/files/pdf/64533%20Final%20lews%20study.pdf

  23. It’s ironic that the Yankee institute predicted in 2006 a 2nd Civil War, this time between Public Sector Employees and the Taxpayer…

    From 2000 to 2004, as many legislatures caved into the demands of state employees and agencies with a cumulative $24 billion in tax increases, a net 1.3 million people moved out of high-tax states like California, New York, and Connecticut to lower-tax destinations like Florida, Nevada, and Texas.

    “It’s a stealth migration,” says Richard Vedder, an economics professor at Ohio University, “and it’s one of the biggest, most significant yet least recognized movements of population in American history.” Citizens “are voting with their feet to say that taxes do matter.”

    Democrats either refuse, or are too stupid, to realize this.

  24. Democrats, same old, same old…

    “No, layoffs are not something we would ever consider.”
    – Former Connecticut House of Representatives Speaker Moira Lyons, in
    response to a reporter’s question about laying off state
    employees in order to close the state’s budget deficit
    (1Christopher Keating, “Leaders Targeting Budget Deficit,” Hartford Courant, November 8,
    2002.)

    From M. Dowd Mouska 2006…
    “The Yankee Institute contacted dozens of municipal and school-district
    officials throughout the state in an effort to document the percentages of their workforces that are unionized. Unfortunately, over 80 percent either ignored repeated requests or refused to supply data.

  25. The Two Connecticuts…
    from D. Dowd Mouska in 2006

    http://www.yankeeinstitute.org/files/pdf/the_two_CTs.pdf

    Things haven’t changed much

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