Tax Policy
Rep. Larson is fighting for fair tax reform.
The current Republican Plan, released in November 2017 is the opposite of that, it its an attack on Connecticut's Middle-Class. Read what Rep. Larson has done to oppose it below.
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MANCHESTER, CT — Changes in federal housing laws under the 21st Century Road to Housing Act raise new questions for Connecticut builders and developers, elected a panel of housing providers, advocates and elected officials who gathered in Manchester recently to discuss how to leverage the bill to address the state’s housing issues.
Washington, D.C. - House Social Security Subcommittee Ranking Member John B. Larson (CT-01) and Senator Richard Blumenthal (D-CT) introduced the Social Security 2100 Act, legislation to increase Social Security benefits and make the critical system financially stable throughout the 21st Century. As our nation’s bedrock social insurance program, Social Security is the most important source of retirement income for 4 out of 5 seniors and provides vital protections for disabled workers and families who have lost a breadwinner.
For Connecticut homeowners whose foundations are crumbling, repairs entail more than just the foundation itself. Related costs include patching up the driveway, repairing basements, porches, garages and landscaping.
Programs, like the Connecticut Foundation Solutions Indemnity Company (CFSIC), are designed to help ease the financial burden of foundation repairs, but don’t extend to parts of the projects that go beyond the foundation.
Connecticut homeowners with crumbling foundations are a step closer to getting some federal tax relief.
A key committee in the U.S. House approved a bipartisan bill last week that includes a provision to provide relief.
Connecticut Representatives John Larson and Joe Courtney were responsible for inserting the provision in the Casualty Loss Deduction Restoration Act, which passed unanimously in the House Ways and Means Committee last week.
HARTFORD, Conn. (WTNH) — More federal tax relief could soon be coming to thousands of Connecticut homeowners impacted by crumbling foundations.
A bill has advanced in the Ways and Means Committee, which is being pushed by Congressmen John Larson (D-CT 1) and Joe Courtney (D-CT 2).
If passed, the bill would allow homeowners with crumbling foundations caused by the material pyrrhotite to claim the casualty loss deduction.
State and local leaders joined lawmakers and advocates Tuesday to applaud the bill.
There are ways to tackle Social Security's insolvency problem, says Martin O'Malley, who served as Social Security commissioner during the Biden administration.
Fixing Social Security's looming financial crisis may not be easy, but it's doable - as long as the rich pay more in taxes.
"The insolvency date is an entirely solvable problem," Martin O'Malley, who served as Social Security commissioner under the Biden administration, told MarketWatch.
Washington, D.C. - Today, Rep. John B. Larson (CT-01) grilled Treasury Secretary Scott Bessent on gas prices during a Ways and Means Committee hearing.
