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Thursday, November 1, 2018

The Risks In CT

Here's a quote from an article in today's NY Post:

"At an Oct. 10 policy dinner at the Belle Haven Club in Greenwich, a director of United Technologies, Harold McGraw, said the company is discussing leaving the state if Lamont is elected. That would put 18,000 jobs at risk."

The article goes on to say that while McGraw said any official comment should come from the company, he did not deny saying the UT would leave if Lamont wins.

Connecticut is at a crossroads.  If we don't leave the Malloy/Lamont road to ever higher taxes, this state will have nothing but a stagnant economy.  We can't attract new jobs to the land of high taxes.  The future will be bleak.  Alternatively, if we try lowering taxes and cutting state expenses, we may be able to change that outcome.  It's not guaranteed, but at least it gives the state a chance.

Throughout this campaign, Ned Lamont has attacked Stefanowski's plan to lower taxes as unworkable and silly.  Lamont countered with a plan to lower property taxes by about $100 per year while raising income taxes (for a net increase.)  Lamont also said that taxes are not too high.  The news that United Technologies, one of the biggest employers in the state may move if Lamont wins, pretty much puts the lie to Lamont's claims. 

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