Public Policy

Thursday, November 15, 2018
IRS Announces Higher 2019 Estate And Gift Tax Limits

NEW YORK, NY -- The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. That means an individual can leave $11.4 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $22.8 million. The annual gift exclusion amount remains the same at $15,000. For the ultra rich, these numbers represent planning opportunities. For everybody else, they serve as a reminder: Even if you don’t have a taxable estate, you still need an estate plan.

Friday, October 12, 2018
CCP Policy Update (10/12/2018)

HARTFORD, CT -- CCP gives an update about news of proposed regulations that would curtail the right to assemble on federal land.

Monday, October 8, 2018
What price do Connecticut residents pay for state and local government?

HARTFORD, CT -- Conventional wisdom is that the total price charged by the state and its local governments in Connecticut is one of the most burdensome in the country. A common measure upon which this conclusion is based is the total amount we residents pay in state and local taxes, relative to our aggregate personal income, i.e., our capacity to pay.  On this basis, the Tax Foundation tells us that Connecticut ranks either first or second highest in the nation, depending on which of two analytic models it uses. However, taxes are not the only price paid to governments. Residents also pay a number of fees and other charges, separate and distinct from taxes. By Bill Cibes

Tuesday, October 2, 2018
CCP Policy Update (10/2/2018)

HARTFORD, CT -- CCP gives updates on civic engagement efforts by Connecticut funders and nonprofits (two events are on October 3, so register today!); and current Federal developments on: the Public Charge for Immigrants; regulations in response to the SALT workarounds; and the Johnson Amendment.

Thursday, September 13, 2018
The Growth in Total Household Giving Is Camouflaging a Decline in Giving by Small and Medium Donors: What Can We Do about It?

BOSTON, MA -- Research on giving in the United States has now produced definitive empirical evidence to show a decline in the participation and amounts donated by “small” and “medium” (actually, median) donors and an increasing reliance on “large” donors. That lead sentence should make every reader stop and envision the future of philanthropy in our democracy. Nonprfit Quarterly's Patrick Rooney writes in support of a universal charitable deduction.

Sunday, August 26, 2018
Legal Challenge Seeks to End Prison Gerrymandering in CT

HARTFORD, CT -- Connecticut has repeatedly considered "anti-prison gerrymandering" legislation during the past decade – in 2011, 2013, 2015 and 2016 – but that legislation has failed to pass.  A 2013 report by the Prison Policy initiative and Common Cause found that almost half of the state’s prison population comes from the state’s five largest cities, but almost two-thirds of the state’s prison cells are located in just five small towns – Cheshire, East Lyme, Enfield, Somers, and Suffield.

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