Posted inEducation, Money

One bill to tax Yale moves forward, another dies

The legislature’s tax-writing committee Thursday approved a bill that would allow New Haven to begin taxing commercial property owned by Yale, but let die a controversial bill backed by the leader of the state Senate that would have allowed the state to tax the earnings of the Ivy League university’s multi-billion-dollar endowment. Yale has opposed both bills.

Posted inCT Viewpoints

General Electric’s departure not Connecticut’s fault — or loss

Has State Sen. Toni Boucher taken the blue pill? She seems a little ignorant of the most basic facts about the reality of General Electric. Ginning up a false narrative about onerous taxes and Connecticut’s anti-business climate can hardly be taken seriously at this point. These billion dollar corporations, now more powerful than governments, leverage that power to get unnecessary sweetheart deals, use tax loopholes and armies of lobbyists to rig the game to not only get out of paying their fair share in taxes, but in GE’s case actually having the Federal Government pay them or paying a nominal effective state tax rate.

Posted inPolitics

CT GOP field: Boughton’s in, Foley soon

Danbury Mayor Mark Boughton’s official entrance into the 2014 race for governor Wednesday creates a four-man field of Republicans that is about to expand to five with the addition of Tom Foley, the GOP’s 2010 nominee. Once Foley formally declares after months as an exploratory candidate, the field seems set with one possible exception: Sen. Toni Boucher of Wilton, who has been raising money since August with an exploratory committee.