taxes

Malloy Defends Tax Incentives To Hedge Fund

Nov 17, 2016
Jessica Hill / AP

For the second time in six months, Connecticut’s State Bond Commission has approved a multi-million dollar tax incentive package to keep a hedge fund operating in the state.

Courtesy of Town of Hempstead Industrial Development Agency

Six out of seven members of the Hempstead Town Industrial Development Agency resigned this week after they were criticized for granting millions of dollars in tax breaks to the owners of the Green Acres Mall in Valley Stream, Long Island.  

Courtesy of Pixabay

If the New York State Senate is controlled by Democrats after the election, there could be some differences over taxing and spending policies. Many Democrats favor extending an income tax surcharge on millionaires when it expires next spring.

Ebong Udoma / WSHU

State Rep. John Shaban, the Republican challenger in Connecticut’s 4th Congressional District, says he has a plan to keep more federal tax dollars in Connecticut. Shaban made the announcement in front of Bridgeport City Hall on Tuesday.

Mike Groll / AP

Business leaders, particularly those in upstate New York, say the 2016 legislative session, which recently concluded, was the worst for small businesses in quite some time.

Business owners say that a session that saw the minimum wage increase, to eventually $15 an hour in New York City and $12.50 upstate, along with a phased-in partial paid family leave, will be costly to smaller employers who operate on the edge in a shaky economy.

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