30 August 2016

• The Tuesday Rant: Connecticut’s Income Tax Permits Larger Government

“The institution of Connecticut’s income tax was followed by a marked uptick in the size of state government. From 1991 to 2014, state government spending in Connecticut grew 71 percent faster than the rate of inflation, while population only grew by 9 percent during that same period.

“Connecticut is less important to the U.S. economy today than it was before state lawmakers enacted an income tax. The share of national GDP accounted for by Connecticut’s economy has declined by more than 17 percent since 1992....”

Please visit this link to read the full article: Forbes

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