This week, Betsey McCaughey, former New York Lieutenant Governor and current Newsmax host, announced her candidacy for governor of Connecticut. In her announcement speech, McCaughey pledged to eliminate the state’s income tax and address what she described as Connecticut’s struggling economy.
Connecticut currently has a top marginal state individual income tax rate of 6.99%, which places it in the middle range among New England states. If eliminated, Connecticut would join New Hampshire as one of only two states in the region without an income tax.
McCaughey issued a press release outlining plans to assemble a panel of experts tasked with developing a comprehensive strategy to reduce the income tax. The release included a statement from Grover Norquist: “Five of those states have already passed laws that trigger income tax rate reductions down to zero as growth brings in more tax revenues.”
She also referenced Americans for Tax Reform’s Zero & Flat Income Tax States Map to support her position.
