Connecticut Considers New Tax Even as High Rates Cause Taxpayers to Flee
6th June 2017
Connecticut’s wasteful spending and regular tax hikes have triggered an exodus from the state, with high-income earners fleeing to sunny, low-tax Florida. Tax revenues are falling, and even Democratic Governor Dan Malloy acknowledges that tax increases are no longer a solution to shrink the state’s runaway deficits. Nonetheless, state legislators plan to impose yet another new tax, and are deciding whether to install electronic tolls on Connecticut’s roads.
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People vote with their feet, and this onslaught of taxation is causing Connecticut’s wealthiest citizens to run, not walk, from the state. Surveys show that more people are leaving Connecticut than arriving, and retirees make up 21% of this outbound migration.
Dem ol’ Blue State Blues: Catch a falling Dem and watch him pick your pocket, never gonna go away….