Malloy said his 6.7 percent income-tax ceiling is appropriate.
“Let’s remember that we raised the rate by a full percent 17 months, ago, 18 months ago,” Malloy told reporters Wednesday. “We have a number of other taxes that will affect high wage earners. I’ve spoken about that in the past. An additional sales on vehicles over $50,000; suits over $1,000; jewelry over a certain amount. What we’ve tried to put together is a system of sharing the burden, but it’s very important that we maintain a competitive advantage over New York, New Jersey, Massachusetts and Rhode Island in as many tax areas as we can and that was what’s behind.”