University of Wisconsin–Madison

Recovery for All or Recovery for the Few?: Billionaire Wealth Soars in Connecticut

Type Policy Brief or Report
Year 2021
Level State
State(s) Connecticut
Policy Areas Economic Justice
While Connecticut’s working families are struggling with low wages, threats of eviction, food instability, lack of affordable health care, and high levels of unemployment amidst the COVID-19 pandemic, Connecticut’s wealthiest residents have amassed unprecedented wealth. In response to the state’s high rates of income inequality and extreme wealth gaps, Connecticut must adopt an equitable state budget that repairs the regressive tax structure by requiring billionaires to pay their fair share, invest in key programs and services to aid struggling communities, and take major steps towards eliminating racial and economic disparities.

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