Manhattan Institute’s Eide Blasts Dem Model for CTMarch 7, 2017
Stephen Eide, a senior fellow at the Manhattan Institute, blasted Gov. Dan Malloy (D-Conn.) and the Democratic model for Connecticut in a National Review op-ed.
Stephen Eide — a senior fellow at the Manhattan Institute who recently wrote a report on Connecticut’s “Broken Cities” for the Yankee Institute — is out with a new piece in National Review blasting the failed “blue-state model” in Connecticut.
Eide writes that trouble began in Connecticut with the income tax instituted by Gov. Lowell Weicker (I-CT), and continued with Democratic leadership over several decades:
Connecticut governor Lowell Weicker, a former Republican who served as an independent, worked out a deal with lawmakers: Government would impose a spending cap in exchange for the tax hike. But the state never fully implemented the former.
After having been raised four times, the top marginal income-tax rate now stands at 6.99 percent, almost two points higher than the 5.1 percent in neighboring Massachusetts.
Eide also suggests that Gov. Dan Malloy (D-Conn.) has done nothing to improve the situation, and in fact has stood in the way of reforms:
Governor Dannel Malloy, a progressive Democrat, has stymied Republican calls for radical fiscal reforms. He recently persuaded the legislature to restructure Connecticut’s pension debt, in a deal that spells at least $14 billion in extra costs for taxpayers after 2033. In other words, Connecticut plans to atone for its legacy of pension underfunding through . . . more pension underfunding.
Eide’s arguments certainly echo the ones Republicans and conservatives in the state have been making for years.
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