“The latest batch of tax increases proposed in Hartford represents the triumph of hope over experience. Too many Connecticut lawmakers seem ready to repeat the mistakes of the past decade, while somehow expecting a different outcome.
These proposals would hit families and businesses with higher property taxes, higher income taxes, and other new costs even as companies hold on by their fingernails and relocating to lower-cost states is more practical than ever. The last thing our restaurants, brick-and-mortar businesses, and job-seekers need is yet another scheme from Hartford to separate them from more of their money. Instead, they’re counting on our senators and representatives to say “no” to organized labor pressure — and do a better job of spending the taxes we’re already paying.
Connecticut must preserve the key advantages it still has over New York and New Jersey for attracting new residents. We applaud Gov. Ned Lamont for rejecting calls to increase taxes and we encourage him to keep holding the line.”
Statement attributable to Yankee Institute President Carol Platt Liebau