How High Taxes Ruined Connecticut's Economy

At some point Taxpayers run out of money.  At some point Taxpayers say no to new and higher taxes.  At some point Taxpayers vote with their wallets and pocketbooks rather than on false promises.  Especially false promises about lower taxes and or cuts in taxes.  Notice how there never seems to be discussions on the elimination of a tax or taxes.  Only a cut here and a cut there.  And only in an election year.

As we know Connecticut has an election coming up and there is a great discussion and movement towards cutting taxes.  Almost an urgency.  The Connecticut Taxpayer was thrown roughly a $3 dollar a week tax cut with the suspension of a twenty five cents per gallon gas tax for a few months.  Gasoline is still roughly double what is was before Democrat President Biden and his anti-American energy policies became effective.  Thus $3 a week really does not do much for Connecticut Taxpayers in the current economic debacle they are experiencing of Democrat induced runaway inflation.  And since the implementation of the Connecticut State Income Tax in 1991 new and continually increasing state taxes along with excessively high property taxes have helped to ruin the state economy to almost the point of no return.  The Connecticut State Income Tax along with the Connecticut State Budget has increased dramatically over the past 30 years.  Connecticut's short and long term debt along with unfunded liabilities have grown to roughly $150 billion dollars which partially represents a $62500 plus per Taxpayer debt tax if a tax was passed to try to pay this off.  Connecticut ranks last and or near last in most business friendly categories along with one of the highest taxed states in the country.  This situation has been developing since the implementation in 1991 of the Connecticut State Income Tax along with many new and higher taxes such as the secret gross earnings tax on gasoline, the Family Leave state income tax and sales taxes on mostly everything and anything in the state.  Also much higher business taxes have helped to make many state businesses move out of Connecticut for good never to return and or to create essential jobs for the state.  Thus Connecticut's State Government has to pick winners and losers to entice new businesses to move in and create short term jobs that usually end rather quickly when Connecticut Taxpayers subsidies end or when the new companies go broke trying to operate in the state.  

High taxes have ruined Connecticut's economy in my opinion.  Tax upon tax that has been embraced by the years of Connecticut Democrat Party rule have helped many citizens and businesses to make a clear decision to move out of the state never to return.  High taxes have helped to nurture Connecticut's state labor unions with well above normal salaries wages and benefits for years now.  Look at the staggering new costs of the upcoming contract that will be briefly discussed in a for show only public hearing this coming Monday. And we know this agreement will pass with no with no questions asked.   Connecticut Taxpayers will be responsible for an additional $500 million dollars per year in additional state labor costs.  Who pays for this and where does the money come from other than from the remaining Connecticut Taxpayers in the state.  And what will Connecticut Taxpayers get in return?  More stale bureaucracy along with an inefficient bloated state government that is completely inept at resolving problems in the state.  Nothing will change.  And you can count on new and higher taxes to pay for it.  Why?  We can determine that for the past 30 years high taxes have help to strip Connecticut of its economic vibrancy and we see Connecticut a bottom feeder in all economic categories.  So why can't something different be offered to Connecticut Taxpayers except the failures of higher state spending with higher taxes?  For example massive cuts in state spending along with cuts in taxes across the board. 

This is again the record that Ned Lamont and his Connecticut Democrat Party is running for re election on in 2022.  Listening to Ned Lamont and his Connecticut Democrat Part speak of the state economy one wonders what drugs they are on since it does not sound like Connecticut in 2022. A state with a poor economy coupled with a corrupted government.  This is the record that they will lose on in 2022. And it is 1776 all over again.