General Electric's decision to leave Fairfield, Conn., for Boston is another sad marker in the downhill slide brought about by Connecticut's high-tax, high-regulation, anti-business policies of the last 25 years.
Democratic Governor Dannel Malloy accelerated the state's economic freefall with another huge tax hike passed last summer. Despite his 2014 re-election promise of no new taxes, Malloy signed a $2 billion tax hike that falls heavily on businesses and individuals. This came only a few years after his near $1.5 billion tax hike.
Does anyone doubt that massive tax hikes on successful earners and corporations drive those same folks out of state? That's the new Connecticut story. A 2014 Gallup poll showed that nearly half (49 percent) of Connecticut residents would leave if they could. That was second only to Illinois, with 50 percent.