Middletown Press: Payroll tax reform moving forward for 2020
Dan Haar, Middletown Press
May 26, 2019 - less than 1 minute
The radical idea of replacing most of the state income tax with a payroll tax paid by employers has bubbled quietly among a handful of policymakers for much of this year, and some had hoped it would come to a vote before the General Assembly ends its regular session June 5.
That won’t happen. But even as lawmakers and Gov. Ned Lamont lurch toward a new state budget, some are still hard at work on the payroll tax concept — with an eye toward bringing a massive tax reform bill in 2020 that could save taxpayers and employers $1.6 billion a year and still net the state more than it takes in now.