State budget: Luxury Tax proposal Decried - Courant.com

State budget: Luxury Tax proposal Decried - Courant.com: "Connecticut is perennially the richest state in the nation, but advocates argued Monday that they don't want another distinction — as the only state that has a 'luxury tax'' on high-end cars, jewelry and yachts.

Gov. Dannel P. Malloy is seeking to impose a 3 percent surcharge on those items — beyond the proposed 6.35 percent retail sales tax — in an effort to close the state's projected budget deficit for the fiscal year that starts in July. It is all part of a $1.5 billion tax package that was widely ripped Monday at a public hearing in front of the legislature's tax-writing finance committee."