Malloy Invites Delta Move From GA to CT, Where Corporate Taxes Are 40% HigherMarch 1, 2018
Did the governor check his own state's corporate income tax rate before inviting Delta to move from Georgia to Connecticut?
Gov. Dan Malloy (D-Conn.) continued to make a show of inviting businesses to move to Connecticut this week, inviting major airliner Delta to move from Georgia to Connecticut.
— Max Reiss (@MaxReiss) February 28, 2018
The issue? Georgia’s lieutenant governor threatened to “kill any tax legislation that benefits @Delta” because Delta recently ended its relationship with the NRA.
Malloy may lack a bit of self-awareness, though, as it’s highly unlikely Delta would move to Connecticut if it meant paying Connecticut’s effective 8.25-percent corporate income tax. Delta pays six percent in Georgia, 37.5 percent less than Connecticut.
Even if Delta does want to move to a state more friendly to the corporation’s gun views, they can pick from a number of blue states with lower corporate tax rates than Connecticut.
Already, officials from New York (6.5-percent corporate rate), Virginia (six percent), Ohio (no corporate income tax), and Alabama (6.5-percent) have made offers.
Maybe Malloy wants to focus less on social issues and more on tax policy in his attempts to attract businesses back to Connecticut.
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