Of the 377 executives the Connecticut Business & Industry Association (CBIA) surveyed recently, 80% had a “had a negative or somewhat negative opinion” of Connecticut as a place to do business. Couple that with another finding in the CBIA survey–that more than 1/3 of all businesses here, and half of all manufacturers, have been approached by representatives of other states for relocation or expansion over the last 5 years–and you have a predictable result. Job loss and economic stagnation. The[...]
“Perhaps with the complacency of old money, Connecticut policymakers came to believe they didn’t need to compete for investors and entrepreneurs – the key people who make prosperity happen.”
Jim Powell wrote the above for Forbes’ in his recent piece, “How did Rich Connecticut Morph Into One of America’s Worst Performing Economies?” But it was more than just complacency that helped put Connecticut’s economy in the tank and, over two decades, sent hundreds of thousands of its residents fleeing to states with greater opportunity. Powell’s next sentence nails it: “Keep in mind that government basically doesn’t have any money other than what it extracts from the private sector via taxation.” A basic economic fact lost on too many of our ruling class in Connecticut and D.C.
It’s a bright and happy future at the cheery-looking Access Health CT’s new website. This is where Connecticut’s new health insurance marketplace, the Obamacare exchange, will soon open for business. Not everyone will discover paradise in the new exchanges, but you wouldn’t know it from perusing the site. To learn about the specific premiums and plans, you’ll have to wait until October, when enrollment opens. Information on the federal subsidy is, naturally, featured prominently on the website. A “savings calculator,”[...]
A Connecticut tax collector has been caught engaging in partisan politics on the taxpayers’ dime. Kudos to Teresa Munson, another DRS employee, for blowing the whistle on her. But what sort of culture exists at our own Department of Revenue Services such that the now-fired DRS employee, Maryellen Greene, felt comfortable to openly use her state government job to engage in union activities? “The Courant” has the full story here