ConnCon

Stories and Commentary from the Great State of Connecticut

Sunday, January 28, 2007

WSJ: Income Tax in Connecticut a Disaster

The editorial page of Thursday's Wall Street Journal contained the following passage:
The latest state to adopt an income tax was Connecticut in 1991, but a new report by the Yankee Institute reveals that the tax has been a calamity. The state has ranked last in employment growth since 1991, losing 240,000 of its native born citizens between 1991-2002. No other state has since enacted an income tax, and lawmakers in Georgia, Missouri and South Carolina say Connecticut is now the model for how not to run a state economy.

0 Comments:

Post a Comment

<< Home