Search
Back

Yankee Institute response to calls for increasing taxes and size of government to mitigate recession

“Calls for raising Connecticut taxes and increasing the size of state government ignore twelve years of Connecticut’s economic and fiscal history. We have seen three major tax increases – including raising taxes on the wealthy and businesses — since the 2008 recession, and since that time our state has experienced more major budget deficits, some of lowest job and economic growth in country and the outmigration of residents to other states. State government spending is higher than ever with little to show for it. When hundreds of thousands are out of work and businesses are closed, calls for growing  government are misguided and tone-deaf, at best. It is not government workers who are out of jobs and not getting paychecks, it is those in the private sector, the very people whose taxes pay for this government and whose lives depend on the ability to earn a living. Such recommendations are akin to burying one’s head in the sand and threaten to diminish any economic recovery our state could hope for when this crisis ends.”

Statement attributable to Carol Platt Liebau, President of Yankee Institute

Yankee Institute Statement regarding calls for tax increases

“Raising taxes in response to this economic downturn ignores twelve years of Connecticut’s economic and fiscal history – and will only chop any chance of recovery off at the knees. Connecticut now has an opportunity to gain wealthy residents fleeing New York City and thereby increase its high-income tax base. ...

Read More

Lamont delays plastic bag tax until June 30

**UPDATE: Gov. Lamont issued an executive order at approximately 8:30 p.m. on May 13 extending the suspension of the plastic bag tax until June 30. Executive Order 7NN can be viewed here. Yankee’s original article pointing out the tax would begin again on May 15 was published at noon on ...

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP TO RECEIVE OUR NEWSLETTER