Conservative Group Tells Malloy: Tax Hikes Will Do Damage to ConnecticutJanuary 19, 2017
The American Legislative Exchange Council (ALEC), a conservative nonprofit, praised Gov. Dan Malloy (D-Conn.) for acknowledging the budget crisis but warned tax hikes will do more harm than good.
The conservative American Legislative Exchange Council (ALEC) is out with its “State of the State” report on Connecticut.
ALEC’s Kati Siconolfi writes:
Governor Dannel P. Malloy’s State of the State address acknowledged the $1.4 billion elephant in the room—Unless reforms occur, the Constitution State’s alarming budget deficit will put the financial security of retirees, job creators and taxpayers at risk.
…It is encouraging to see Governor Malloy once again acknowledge Connecticut’s fiscal woes in this annual address.
Siconolfi offers several solutions to Connecticut’s problems. Pension reform is a big one (Yankee Institute advocated for this at the city level in a new report this week).
One thing ALEC’s Siconolfi warned against? Tax hikes:
Clearly, the massive budget deficit proves business-as-usual budgeting and past tax increases failed Connecticut taxpayers.
…While there will be many tough choices ahead, smart reforms, not economically damaging tax hikes, can help provide Connecticut families with the brightest economic future.
Connecticut’s Democratic leader in the Senate, Martin Looney, is of a different mind. He says tax increases should be on the table in 2017.
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