Barring another extension of Gov. Ned Lamont’s executive order, Connecticut’s 10 cent tax on single-use plastic grocery bags will return on Wednesday, July 1. Lamont initially suspended the plastic bag tax until May 15 in response to concerns that reusable shopping bags might put grocery store workers at risk of ...
CT’s Small Business Climate: Graded D (Needs Improvement!)
Don’t take it from us — take it from the Economist.
A recent piece there finds that Connecticut merits only a “D” for its overall friendliness to small business. That means it’s better only than California, Illinois, Maine, Rhode Island and Vermont. Whooppee.
And that’s just overall. When it comes to the tax code, Connecticut fails entirely — along with only three other states: Illinois, Hawaii and Rhode Island. That’s right: We’ve got a worse tax climate even than the liberal hotbeds of California and Massachusetts!
Connecticut earns the same failing grade when it comes to regulations — a big, fat F. We scrape the bottom of the barrel along with only Rhode Island, Hawaii and California.
Small business has traditionally been the area where new jobs are created, but that’s not so much the case anymore. No doubt the onslaught of taxes and regulations imposed by busybody bureaucrats is a large part of the reason why.
If Connecticut is ever to enjoy a robust recovery, its government needs to take its boot off the throat of small business throughout the state.
The Connecticut Department of Revenue Services paid more than $12 million in interest for tax refunds totaling nearly $5 billion because they withheld some refunds for upwards of seven years, according to a new audit. The audit listed tax refunds from years 2014 through 2018 and found that late returns ...