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Malloy Invites Delta Move From GA to CT, Where Corporate Taxes Are 40% Higher

March 1, 2018 By Staff
Malloy Invites Delta Move From GA to CT, Where Corporate Taxes Are 40% Higher

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.

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.