Saturday, April 27, 2019

Can Connecticut Cut State Spending?

The Connecticut Democrat Party seems to have a habitual spending problem.  It can not, will not, must not nor it seems it ever will cut spending in Hartford.  Spending each budget year must go up it can never go down.  Tax revenues in the state continue to be unreliable as the net migration moving out continues daily along with businesses leaving the state thus lowering revenue.  The few new jobs that are being developed are at much lower wages than previous jobs (for example the Amazon warehouse jobs). The progressive/socialist wing of the Connecticut Democrat Party seems to believe that higher taxes will make the state more fair and equitable to those in need.  There is no mention by these same progressive/socialists of the Connecticut Democrat Party as to the excessive tax burden that the Connecticut working middle class must pay year in and year out.
The Connecticut Democrat Party new pitch is an additional 2% tax increase on Capital Gains.  The claim is that these wealthy citizens who receive Capital Gains can afford to pay more in taxes since they are wealthy.  How does the Connecticut Democrat Party define wealth?  Unknown to anyone but themselves.  The net impact of this yet new tax besides all of the other taxes they have proposed is to continue the net migration of population out of the state and to see yet even more businesses moving out of state.  It seems to be a never ending cycle.
High taxes negate economic growth.  However for the protected individuals of the Connecticut Democrat Party this scenario does not exist since they feed off the Connecticut Taxpayers never ending supply of money.  Wealth formation is gained through the Connecticut Democrat Party and their deals and subsidies to those politically connected with them.  Rules and laws do not apply to them.
Cutting the bloat of Connecticut state government would have been the first step in the road to economic recovery for the state.  Why couldn't Governor Lamont instruct the "exceptional" newly appointed state commissioners that all received raises in their salaries to find a way to do more with less money by cutting spending in their agencies by 10%.  This would have been a serious step in restoring the state's finances.  But instead Connecticut Taxpayers are force fed the same stale rhetoric of new and higher taxes along with now tolls will once again solve all of the state's fiscal issues.
New taxes and tolls does not improve Connecticut.
It has not and it will not.
Cutting state spending fails always on deaf ears. 
Connecticut Taxpayers must again be the serfs and economic slaves to the Connecticut Democrat Party.
Cut spending.  No Tolls.  Connecticut Taxpayers have had enough.

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