Saturday, March 16, 2019

What Does $2.4 Billion Dollars In New and Higher Taxes Mean For Connecticut?

The new budget that Democrat Governor Ned Lamont has offered Connecticut increases and creates $2.4 billion dollars in new and higher taxes.
What does $2.4 billion dollars in new and higher taxes mean for Connecticut?
$2.4 billion dollars in new and higher taxes means all prices of goods will increase in Connecticut.
$2.4 billion dollars in new and higher taxes means the costs of all services will increase in Connecticut.
$2.4 billion dollars in new and higher taxes means the costs of transportation will increase in Connecticut.
$2.4 billion dollars in new and higher taxes means Connecticut will continue to lose economic competitiveness to other states.
$2.4 billion dollars in new and higher taxes means homes and condos will become more difficult to sell in Connecticut.
$2.4 billion dollars in new and higher taxes means more businesses will move out of Connecticut since the costs of doing business here are excessive.
$2.4 billion dollars in new and higher taxes means there will be more job losses in both the short and long run since Connecticut's minimum wage will be going up also while businesses move out.
$2.4 billion dollars in new and higher taxes means higher property taxes.
$2.4 billion dollars in new and higher taxes means there will be a massive drop in savings in Connecticut.
$2.4 billion dollars in new and higher taxes means there will be a massive drop in investment in Connecticut.
$2.4 billion dollars in new and higher taxes means there will be a massive drop in consumer spending in Connecticut.
$2.4 billion dollars in new and higher taxes means there will be a massive drop in charitable giving in Connecticut.
$2.4 billion dollars in new and higher taxes means there will be a drop off in consumer confidence in Connecticut's economy.
$2.4 billion dollars in new and higher taxes means there will be a drop off in business confidence in Connecticut's economy.
$2.4 billion dollars in new and higher taxes means there will be more legal Connecticut Taxpayers moving out of state thus increasing the tax burden for those who remain here.
$2.4 billion dollars in new and higher taxes means there will be no change in the $100 billion dollars worth of short and long term debt along with unfunded liabilities Connecticut has since none of this money is going to pay down this debt.
$2.4 billion dollars in new and higher taxes means Connecticut will remain last in all economic categories in the country.
$2.4 billion dollars in new and higher taxes means there will be even less economic freedom for Connecticut Taxpayers.
$2.4 billion dollars in new and higher taxes means there will be the continuation of the economic demise the state has had since the 1991 implementation of the state income tax.
In other words $2.4 billion dollars in new and higher taxes does not do anything at all to improve Connecticut in any way other than to continue to support the dictatorial powers of the Connecticut Democrat Party.  This is done through the further nurturing of an unsustainable level of salaries, benefits and pensions for both the management and union state workforce and excessive state spending on political do nothing programs. 
$2.4 billion dollars in new and higher taxes means once again Connecticut Taxpayers have been shut out of any say in their state government.
$2.4 billion dollars in new and higher taxes means once again Connecticut Taxpayers are indentured servants who must work harder to support to their masters in Connecticut's government.
$2.4 billion dollars in new and higher taxes is sickening isn't it?



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