State Rep. Holly Cheeseman’s Suggestion: Addressing Rising Costs Through Tax Brackets And Maintaining Of The EITC

State Rep. Holly Cheeseman recently suggested the rising costs due to inflation.

State Rep. Holly Cheeseman believes that raising the EITC would help more people live comfortably despite the inflation. (Photo: The Day)

State Rep. Holly Cheeseman’s Suggestion

State Rep. Holly Cheeseman’s suggestion comes to light as affluent people leaving the state will result in a decrease in tax revenue for government programs. State Rep. Holly Cheeseman suggests tackling rising costs by indexing tax brackets to inflation and maintaining the earned income tax credit increase.

Aside from State Rep. Holly Cheeseman’s suggestion, Republicans are also proposing a child tax deduction, but it would not be refundable.

State Rep. Holly Cheeseman believes increasing the earned income tax credit would help a larger pool of people, including families, and seniors. Even younger people on fixed incomes were mentioned by State Rep. Holly Cheeseman as they will also benefit from it.

According to a published article by SmartNews, State Rep. Holly Cheeseman also emphasizes the importance of building a better business environment. State Rep. Holly Cheeseman also added that this is to increase revenue for tax credits.

Republican And Democratic Lawmakers

In a published article by CT Examiner, lawmakers, both Republican and Democratic, reacted to Gov. Ned Lamont’s State of the State address, agreeing that it covered important topics like childcare, education, housing, infrastructure, and health insurance.

However, Republicans criticized what they saw as government overreach. Overall, most lawmakers praised Lamont’s focus on maintaining fiscal guardrails and his ideas for the state’s future.

Key points included increased spending on mental health, a surplus cap for the special transportation fund, and the creation of a new physician and nursing home ombudsman.

Representative Eleni Kavros DeGraw expressed appreciation for the speech and its contents.

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