I am wondering when the State of Connecticut will start offering tax incentives for people moving from one town to another in Connecticut? We do it already with businesses moving from one town to another in the state so why not people?
The latest round of taxpayer funded corporate welfarism can be seen in a business that is moving all the way from New Haven to North Haven. A mere $1.77 million more dollars of taxpayers monies is on the line for C.W. Cowles company to move its plant from New Haven all the way to North Haven where it purchased the old Marlins Firearms Building. 50% of the loan is forgiven if the company can retain the 117 jobs it currently has and creates 59 new jobs (which are the jobs it is bringing with them from closing their plant in East Longmeadow, Mass.) Thus $885,000 plus of the loan will be forgiven with these jobs that being moved. How is that creating new jobs when the jobs are just being moved from one location to another? How is this helping our economy when the plant is being moved roughly seven miles away from its current location? Taxpayers are paying this company $15000 for each job that has been moved from one location to another. And if the company goes under who foots the bill for the loan? Taxpayers of course.
Hartford’s Omnipotent One Party Rule and the Malloy Administration still feel they are creating a business friendly climate in Connecticut. We have one of the highest tax rates in the country and realistically one of the worse business climates in the country. What state do Hartford’s Omnipotent One Party Rule and the Malloy Administration live in? We as taxpayers have no more information being given to us about the businesses that have failed in our state that were given these same types of loans and benefits. Nor are we allowed to know under Hartford’s Omnipotent One Party Rule and the Malloy Administration. The taxpayers of Connecticut work for Hartford’s Omnipotent One Party Rule and the Malloy Administration-there really is no representation for us. I wonder how much in campaign donations will be forthcoming from the C.W. Cowles after this deal?
More of the same, winners versus losers-state government using taxpayer monies pick who wins and who loses. Taxpayers have lost many times over the past four years of Hartford’s Omnipotent One Party Rule and the Malloy Administration. Mercifully Hartford’s Omnipotent One Party Rule and the Malloy Administration should be coming to a close this November.