Lamont's budget to include cuts to state income tax rates

Connecticut Gov. Ned Lamont announced Monday his new two-year budget plan will include the state's first personal income tax rate reduction since 1996, one of several tax relief proposals he will officially unveil to the General Assembly on Wednesday.
 

The proposed rate changes are predicted to benefit about 1.1 million of the state's 1.7 million tax filers, according to the Democrat.

"I want to cut taxes for the middle class,” Lamont said in a written statement. He said the state is in better fiscal shape compared to when he first took office four years ago and can now afford to reduce tax rates.