A progressive policy group urged state legislators Thursday to stem worsening income and wealth inequality — particularly among racial and ethnic lines — by establishing a new state income tax credit for households with children.
The New Haven-based Connecticut Voices for Children offered three options for per-child credits ranging from $500 to $600. And while the plans would cost state government roughly $300 million per year, Voices’ analysts also suggested the tax relief could be phased in gradually, over as many as five years.