Friday, May 4, 2012

Connecticut Highest in Taxes AGAIN!

How ironic that May 5th is Tax Freedom Day® in Connecticut. Tax Freedom Day measures how long Americans work to earn enough money to pay this year's tax obligations at the federal, state and local levels. Connecticut is the last state to reach Tax Freedom Day this year!

The real irony is that Governor Malloy and the Democrats' largest tax increase in the history of the State of Connecticut has still generated a deficit of $280 million! Tax Freedom Day for Connecticut residents next year will come even later in the calendar after this massive tax increase is considered.

Governor Malloy and the Democratic majority leadership in the Connecticut General Assembly are completely disconnected from the reality of our struggling residents and businesses. Everyone outside of government cut spending in their budgets to match their decreased earnings. Connecticut Democrats refuse to make the difficult decisions to reform our state government and cut spending.

Who would’ve guessed Massachusetts, New York and New Jersey would ever be more competitive than Connecticut? I hope Nutmeggers will wake up and demand change!