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Connecticut businesses could owe up to $1 billion in unemployment taxes. They want the state to cover it with federal relief funds.
Connecticut’s businesses on Wednesday called on the General Assembly and Gov. Ned Lamont to use federal coronavirus relief funds to spare firms as much as $1 billion in unemployment taxes.
The Connecticut Business and Industry Association, which leads the coalition, also said the failure to follow this approach during the last recession was a critical error that still haunts the state.
“It certainly hurt our recovery” in 2008 and 2009, Chris DiPentima, president and CEO of the CBIA, said during a late-morning, live-streamed press conference.
Legislator, opposing segregation, claims Asians have never been discriminated against
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Legislator, opposing segregation, claims Asians have never been discriminated against
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By Keith M. Phaneuf, CT Mirror
The state House of Representatives unanimously approved a bill Tuesday to ensure the General Assembly has an equal voice with Gov. Ned Lamont in carving up more than $2.6 billion in new federal pandemic relief headed Connecticut’s way.
The measure, which the Senate is expected to approve next week, also directs the administration to give lawmakers a detailed accounting of how federal coronavirus aid has been allotted to date.
The bill, lawmakers asserted, is not a “power grab” or an effort to battle Lamont for control of the American Rescue Plan Act funds authorized by Congress and President Joe Biden earlier this month.