It may not be as big as the Paris Air Show, but some the same companies that attend that event, including Airbus and Northrup Grumman, will gather in Groton on Monday to pursue the same goals they seek every year in France — more sales and the information needed to make good business decisions.
General Electric
Posted inCT Viewpoints
Combined reporting in Connecticut: Fair taxation for shared prosperity
After a decade of serious discussion, the Connecticut General Assembly wisely conformed our state’s corporate income tax policy to that of 24 other states by adopting a common sense policy known as mandatory combined reporting. But some corporations that exploit its absence to avoid paying their fair share are making a last-ditch effort to persuade policymakers to reverse the decision. That would be a mistake.
Posted inNews
Pratt & Whitney could be big winner – or loser – in new bomber contract
WASHINGTON — Pratt & Whitney could be a big winner, or a big loser, in the Pentagon’s decision to award a multi-billion contract to Northrop Grumman to manufacture the nation’s next generation U.S. warplane , the Long-Range Strike Bomber. The Air Force says the identity of subcontractors on the plane must be kept secret for national security reasons.
Posted inPolitics
Connecticut’s Washington Week
In the news: The Iran nuclear pact survives; GE lobbies for the Export-Import Bank; the number in Connecticut without health insurance drops; the delegation opposes defunding Planned Parenthood; and the UConn women’s basketball team shows up at the White House — again.
Posted inPolitics
CT lawmakers meet with GE’s Immelt, promise help in D.C.
WASHINGTON – Several members of Connecticut’s congressional delegation Wednesday promised General Electric CEO Jeff Immelt whatever help he needed in Washington. “We offered to do whatever we can,” said Sen. Richard Blumenthal, D-Conn.
Posted inPolitics
No Ex-Im bank, so GE says it may move jobs overseas
WASHINGTON – General Electric announced Tuesday that it may move about 500 U.S. jobs to France, Hungary and China because of Congress’s failure to extend the charter of the Export-Import Bank. It is an issue that could also influence the Connecticut-based company’s search for a new headquarters.
Posted inMoney
On business, Connecticut craves climate change
The annual business survey by the Connecticut Business and Industry Association was released Friday as the new state Commission on Economic Competitiveness begins assessing a business climate regularly described as dismal in national ratings. “The challenge for us is why,” said Joseph McGee, co-chairman of the commission.
Posted inCT Viewpoints
Is Gov. Malloy fit to govern?
So Gov. Dannel “Giveaway” Malloy is offering “incentives” to keep General Electric’s 800 corporate employees here. How nice. This is an affront to all the other businesses in the state that have to keep paying high taxes and get no relief at all from the state. And to top it off, the taxes that all the other companies do pay will be used to provide the incentives to keep GE in the state! I’m sure they will be really happy about that.
Posted inMoney, Politics
Malloy: CT made pitch to keep GE
Gov. Dannel P. Malloy confirmed Monday that he and others in his administration have met with General Electric and proposed some specific assistance to keep its headquarters in Fairfield, but he gave no details about his pitch.
Posted inMoney, Politics
Malloy administration mum on possible aid to keep GE in state
Gov. Dannel P. Malloy’s administration on Thursday would neither confirm nor deny a media report that it was preparing an aggressive package of economic assistance to keep General Electric from moving its headquarters out of state.
Posted inMoney, Politics
CT businesses pushing back on shutdown of Ex-Im Bank
WASHINGTON — The Tea Party, aided by other conservative Republicans and the billionaire Koch brothers, celebrated a big victory last week when Congress failed to reauthorize the charter of a bank that helps U.S. businesses, including Connecticut-based General Electric and United Technologies, make sales overseas.
Posted inCT Viewpoints
Connecticut’s taxes should help build equality, opportunity
Thinly veiled threats from hundred billion-dollar corporations that the proposed state tax increases are “truly discouraging”’ and that General Electric would “seriously consider whether it makes any sense to continue to remain in Connecticut” are not to be ignored. We the people have a choice before us — one that requires us to choose the economic principles fundamental to the type of society we desire to create and live in.
Posted inCT Viewpoints
Tax hikes in Connecticut Dem’s budget are disheartening, unacceptable
Connecticut already places and insurmountable tax burden upon our residents. To ask any more is unconscionable. All of my Republican colleagues, and even 11 Democrat legislators, shared this sentiment when we voted against the Democrat-proposed tax hike. Unfortunately, this was not enough to steer the State of Connecticut off its self-destructive path.
Posted inNews
When it comes to trade pact, Himes is the man in the middle
WASHINGTON – Rep. Jim Himes has emerged as a key, swing vote as President Obama struggles to win congressional support for a new trade pact with 11 other nations that ring the Pacific Ocean.
Posted inPolitics
Bank that boosts Connecticut exports under fire
WASHINGTON – For years Connecticut companies, large and small, have benefitted from a federally backed bank that helps them sell their goods overseas — but a bitter fight over whether the Export Import Bank is taxpayer-funded corporate welfare has put its future in question.