Taxes Chased GE Out of Connecticut

From National Review:

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.

Governor Dannel Malloy (D.) accelerated the state’s economic freefall 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.

Tax and spend, SOP for liberals.