But we'll soon be in the running (Updated)

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Ron DeSantis brands NYC Mayor Zohran Mamdani ‘realtor of the year’ for driving taxpayers to Florida.

A brief glimpse of coming attractions:


AI Overview

Yes, Connecticut lawmakers have proposed measures targeting wealth and high incomes, including a statewide property tax on high-value real estate and a capital gains surcharge in 2026. These proposals, part of a "tax-the-rich" agenda, specifically included a $3 million+ home "mansion tax" and increased taxes on high-earner investment earnings, following earlier similar efforts.

Americans for Tax Reform +2

Key Wealth and High-Income Tax Proposals in Connecticut:

  • Statewide Property Tax (SB 101, 2026): A proposed tax on residential real estate valued at over $3 million, described as a "mansion tax".

  • Capital Gains Surcharge (SB 104, 2026): A proposed surcharge on investment earnings for taxpayers in the top income brackets.

  • Corporate Tax Proposals (2025/2026): Proposals to implement a CEO-pay ratio tax and to treat carried interest as income.

  • Increased Income Tax: Proposals from legislative leaders to raise income tax rates on high earners, particularly if federal tax breaks for the wealthy take effect.

    Connecticut Senate Democrats (.gov) +3

Contextual Factors:

  • Active Debate: These proposals are part of ongoing efforts by some Democrats and progressive groups to increase revenue from high-wealth residents and address tax fairness.

  • Status: While many of these specific proposals have been introduced and debated, they have historically faced challenges in passage, though Connecticut already has a high estate tax.

Reforming Connecticut's tax structure and generating new revenue

Regulation of marijuana
If cigarettes and liquor are legal, then marijuana should be too. Colorado just passed the $500 million mark for revenues raised in nearly three years. Let’s focus on how to deal with how to enforce DUIs and ensuring that marijuana doesn’t get into the hands of children, not whether to legalize.

Increased taxation on the wealthy
In the past 30 years, the top 1 percent of Connecticut income earners have obtained 84 percent of all income gains, while everyone else’s wages have stagnated or declined. In the richest state in the wealthiest country, we should be asking our top-earners to pay their fair share. If you earn $165,000 or more, you pay at most 8 percent of your income to state and local taxes, and those who make $75,000 or less pay at minimum 14 percent. We need to establish a tax structure where everyone pays their fair share.

Property tax reform
Greenwich’s property tax rate is set at 11 mills, Hamden residents pay a tax rate of 47 mills, and Hartford comes in at 75 mills. We can equalize property tax rates by having a single, statewide property tax which would be used for equitable funding of our public education system.

Eliminate property tax exemptions
Each year, $750 million is lost to property tax exemptions for education systems, religious institutions, and government-owned property. A large chunk of this loss is in New Haven and Hartford alone. I believe all property should be taxed the same.

Large employer fee
When big box stores open a branch in Connecticut, oftentimes, its workers are underpaid and profits are siphoned out of the state. Wal-Mart has protocols to direct its workers to apply for state aid. This means the average Connecticut taxpayer is subsidizing these large businesses to underpay its employees. By instituting a large employer fee, we would offset this cost.

CEO-pay ratio tax
As average CEO pay explodes to over 200 times their average employee, we need regulations to help our labor force. As a company pays its CEO more, they should pay a higher corporate tax rate.

No subsidies for companies with high executive pay
If a company’s Chief Executive Officer earns more than 100 times the average Connecticut income – around $71,000 – the company should be ineligible for subsidies and grants from the state.

Closing the carried interest loophole
Hedge fund and equity fund managers pay the federal capital gains rate, not the federal income tax. Since these hedge funds are providing a service, the money they make should be treated like income, not capital. This misclassification is costing the state over $500 million a year.

UPDATE:

(Text continued: “Communism collapses if there are free markets to flee to.”

Update II: