January 16, 2016

TAX WHAT YOU DON'T WANT, NOT WHAT YOU DO:

Taxes Chased GE Out of Connecticut (Lawrence Kudlow, January 16, 2016, RCP)

GE's decision to leave Fairfield for Boston is another sad marker in the downhill slide brought about by Connecticut's high-tax, high-regulation, anti-business policies of the last 25 years.

Gov. Dannel Malloy accelerated the state's economic free-fall with another huge tax hike passed last summer. Despite his 2014 reelection promise of no new taxes, Malloy signed a $2 billion tax hike that falls heavily and businesses and individuals. This came only a few years after his near $1.5 billion tax hike.

Does anyone doubt that massive tax hikes on successful earners and corporations drive those same folks out of state? That's the new Connecticut story. A recent Pew poll shows that 60 percent of current residents want out.

Why does CT want to punish residents and businesses?

Posted by at January 16, 2016 10:53 AM

  

« NOT MUCH OF AN ENEMY...: | Main | STILL PAYING THE PRICE FOR NOT DECOLONIZING AFTER WWI: »