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Connecticut business survey faults taxes, regulations as barriers to growth

The Connecticut Business and Industry Association and BlumShapiro released Friday their annual survey of businesses in Connecticut, showing state taxes and regulations are the biggest roadblocks to business growth and expansion. The three biggest challenges to growth cited by the businesses surveyed were costs associated with state regulations, taxes and “unpredictability surrounding legislative decision making.”

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Too many rules drive Connecticut’s ‘race to the bottom’

People suggest, in not quite so many words, that if we don’t have this tax or that spending program or yet another regulation, we’ll somehow slip below the Mason-Dixon Line. Fortunately, nothing is so tenuous about our situation. This strict view – good states don’t allow bad behavior – leads us to pile on rules without any perspective on the real-life effects of those rules. Until we stop wearing policies as a badge of honor, it will be hard to honestly assess their impact on people.

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Yankee Staff

Free Market Think Tank

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