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Conneticut’s slow job growth

Summary:
Is likely caused by taxes and regulations that prevent assets from moving to higher valued uses:...the governor raised taxes on Connecticut residents by about .7 billion over two years, mostly in the form of various new sales taxes.  [the governor] “refinanced” pension payments to state employees. The agreement with the unions doesn’t reform the system but shorts contributions by billion through 2032, only to increase the taxpayer’s obligation by billion from then until 2047.  a 6.5 percent pay increase for state troopers and an 11 percent increase for assistant attorneys general.   a statewide minimum wage and workers will be hit with a new 0.5 percent payroll tax to fund a mandatory paid-leave program.

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is likely caused by taxes and regulations that prevent assets from moving to higher valued uses:

  • ...the governor raised taxes on Connecticut residents by about $1.7 billion over two years, mostly in the form of various new sales taxes. 
  • [the governor] “refinanced” pension payments to state employees. The agreement with the unions doesn’t reform the system but shorts contributions by $2 billion through 2032, only to increase the taxpayer’s obligation by $5 billion from then until 2047. 
  • a 6.5 percent pay increase for state troopers and an 11 percent increase for assistant attorneys general.  
  • a $15 statewide minimum wage and workers will be hit with a new 0.5 percent payroll tax to fund a mandatory paid-leave program.

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