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Posted inCT Viewpoints

GE’s move is not about taxes, and no reason for budget cuts

Back in January, General Electric announced that it will be moving its headquarters from Fairfield to Boston, Mass. Since that announcement, corporate lobbyists have pushed the narrative that GE’s move was motivated by higher taxes and a so-called ‘bad business climate.’ And the move has been mentioned often to rationalize drastic and harmful budget cuts and austerity measures. But a smart look at the facts shows that GE’s move has been portrayed inaccurately and we have taken the wrong lessons for the experience.

Posted inCT Viewpoints

Taxes on college endowments: Their time has come in Connecticut

Many of the richest universities in the country, sitting on billions of dollars in tax exempt endowments, receive through the tax laws government subsidies that greatly eclipse the appropriations received by public colleges. Hidden tax subsidies that increase inequality are not good policy. In contrast, Senate Bill 413 is reasonable in scope, fair in its goals, and represents advancement well within the current public policy thrust aiming to reassess the tax codes to help address America’s need for an educated citizenry and a qualified workforce.