Connecticut lawmakers propose $600 child tax credit

Connecticut lawmakers are pushing for a new child tax credit of $600 per child, aimed at helping low- and middle-income families. This proposal comes as 42% of legislators co-sponsor the bill, despite concerns over potential federal budget cuts that could impact state funding. The state has seen significant surpluses in recent years, but officials warn that federal aid reductions could create a budget shortfall. The proposed tax credit would cost around $300 million to $350 million annually, raising questions about funding sources amid fiscal uncertainty. While some lawmakers advocate for higher taxes on wealthy households to finance the credit, Governor Ned Lamont has opposed such measures. A phased approach to implementing the credit is being considered, reflecting the ongoing debate over tax relief in Connecticut.