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.
posted by CC | 8:36 PM
3 Comments:
To blame CT's problems on the income tax is quite simplistic especiallly when the real problems rest with the utra liberal pork laden practices of spending and social engineering practiced by Rowland/Rell and the incumbents in the legislature of all stripes.
and as we now see after Rell's budget adress, she intends to preptuate the spending pracices of her predecessor and mentor, Jhn Rowland, who once ran on eleiminating the income tax altogether _LIAR
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