HB6690 establishes the Connecticut Baby Bond Trust program, which provides $3,200 to be deposited into a state treasury account for each baby born on or after July 1, 2021, whose birth was covered by Medicaid/HUSKY. It also creates the Community Investment Fund 2030 for “underserved” and “marginalized” populations.
The Senate passed HB6690 on June 9, 2021, by a vote of 34 to 2. We have assigned pluses to the nays because this “racial equity” and “anti-poverty” bill recklessly authorizes the spending of innumerable taxpayer funds for state bonds and grant commitments that are, in fact, forms of wealth distribution geared toward universal basic income. These unconstitutional programs violate equal protection of the law and take from the citizens of Connecticut the income they have rightfully earned.