I know of no economic textbook which reads that by increasing spending 3% and raising taxes by $3 billion dollars over two years you create economic stimulation. Thus Malloy and the Connecticut Democratic Super Majority own the Connecticut Taxpayer completely in 2011. Malloy and the Connecticut Democratic Super Majority now have completely dismantled any hope of economic growth for years to come with their economically irresponsible budget. How does raising spending yet another 3% along with the highest tax increase in the state's history help to create economic stimulation? How does doubling of business taxes in some cases give any incentive for business to remain in the state? What happened to the omnipotent state income tax passed by Weicker and the Connecticut Democratic Super Majority at that time-I thought that was supposed to be the path to economic prosperity? We still have zero new job formation in Connecticut since the passage of the state income tax.
Connecticut taxpayers are the economic slaves of Malloy and the Connecticut Democratic Super Majority-we can see it clearly with this new budget. Remember in 2011 taxpayers are now the slaves of state government. Watch how many more citizens and businesses move out over the next few years.