Dueling tax plans a key issue in Conn. Senate race

HARTFORD, Conn. (AP) — Connecticut's two candidates for the U.S. Senate agree various tax cuts set to expire should remain on the books, but they part ways when it comes to reductions for wealthier taxpayers.

The Tax Policy Center warned this week that taxpayers will be hit with tax increases totaling more than $500 billion if federal lawmakers fail to renew a list of expiring cuts.

Both Democrat Chris Murphy and Republican Linda McMahon said they support extending a 2 percentage point temporary payroll tax cut that was championed by President Barack Obama.

They differ on whether to extend Bush-era cuts affecting higher income earners. McMahon says taxes should not be increased on anyone. Murphy says the savings should be spent on reducing debt and funding programs that help the middle class.

Copyright 2014 AP Modified. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Connecticut (change)

Connecticut has 169 cities and towns, which serve as the fundamental local political subdivision of the state. Connecticut is the 5th of the original thirteen United States.
Offices & Officials

Governor: Dan Malloy
Lieutenant Governor: Nancy Wyman
Attorney General: George Jepsen
State Treasurer: Denise L. Nappier

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