Politics

A revised budget unveiled Wednesday by Democratic legislative leaders and Gov. Dannel P. Malloy restores an array of popular middle-class sales tax exemptions, while increasing inheritance taxes and a levy on expensive cars, boats and jewelry.

The revisions, which would trim Malloy's $1.5 billion tax increase by $116 million and make modest shifts in spending, will be approved Thursday by the legislature's Finance and Appropriations committees, leaders said. The Senate may vote on the budget as soon as next week.

The legislature's Republican minority offered a no-tax alternative to Gov. Dannel Malloy's budget today in which the goodies are obvious and served in big portions, but most of the bitter medicine comes in smaller doses spread throughout their spending plan.

Gov. Dannel P. Malloy is speeding toward a budget milestone as the legislature's Finance, Revenue and Bonding Committee prepares to amend and approve his record $1.5 billion tax increase.

Malloy: Proposed nuke tax will fail

The administration and legislative leaders are negotiating final changes, which are expected to include the restoration of sales-tax exemptions sought by several industries, such as aviation, car dealers and the marine trades.