Repeal the Gross Earnings Tax

Simply, Connecticut needs to repeal the secret gross earnings tax. An addition $25 million dollars will begin to be drained from the state economy beginning July 1 as this tax jumps to 7.5% from its current 7% level. Governor Rell finally has initiated dialogue with regards to cutting $25 million somewhere else in the bloated $18.4 billion dollar budget that has been forced on state taxpayers for this fiscal year in exchange for lowering this tax. In my economic opinion there is a great deal of pork and fat found in $18.4 billion dollars worth of state spending. Excessive state government spending has caused Connecticut to have the highest tax level in the country and it seems that the Democrats in Hartford are disinterested in doing anything about it.
Why is this tax that important? Simply because it continues to allow our state its rampant and wasteful spending. It is time for this tax to be lowered back down to its original 5% level. The money is not going to support transportation projects but is dumped into the General Fund with little or no accounting for it. Stop this tax increase now. Taxpayers have had enough.