Gov Says He'll Revisit Taxes: GE Tells Employees It's Looking Elsewhere

Hartford Courant ^ | June 4, 2015 | Gregory B. Hladky,Daniela Altimari

[Biggirl]

HARTFORD – As Gov. Dannel P. Malloy said Thursday he was open to tweaking the tax side of a budget that has alarmed several large Connecticut employers, General Electric told employees it has assembled an exploratory team to look for "another state with a more pro-business environment."

[Night Hides Not]

Another company heading for Texas.

[chajin]

look for "another state with a more pro-business environment."

The state of denial comes to mind.

[Steely Tom]

It’s easier to buy votes than it is to say no to the “gibsmedat” set.

[Eric in the Ozarks]

Come on down to the Missouri Ozarks.
Low taxes, low cost of living, year round fishing. Deer and turkey in the woods, shoot your gun...
Did I mention low taxes ?

[Alex Murphy]

As Gov. Dannel P. Malloy said Thursday he was open to tweaking the tax side of a budget that has alarmed several large Connecticut employers, General Electric told employees it has assembled an exploratory team to look for "another state with a more pro-business environment."

PFL

[who_would_fardels_bear]

Isn't Connecticut the state that has all of the tax benefits of insurance companies and credit card companies?

Why not extend them to companies that actually make things?

[circlecity]

Yet it was Jeffrey Imelt, CEO of GE, who was Obama’s biggest supporter both financially and by making GE’s media companies such as NBC left wing propagandists for the age of Obama. Now they are whining.

[Gamecock]

South Carolina welcomes you!

[Redbob]

They don’t have to look hard: GE already has major facilities in Ft. Worth (locomotives) and Houston (Electric generators)

[cuban leaf]

Well, the appliances division no longer applies...

http://www.nbcnews.com/watch/nightly-news/ge-appliances-sold-to-swedens-electrolux-for-3-3-billion-326606403898

[central_va]

Virginia has low taxes.

[Redbob]

And the top Dimocrat in the Connecticut Senate is actually named “Looney”...

[Biggirl]

Try saying “NO” to the give me that crowd set and see what happens.

[Steely Tom]

Try saying “NO” to the give me that crowd set and see what happens.

Scott Walker said "NO" to them.

Bill Clinton said "NO" to them too, back in 1996. Of course, he had no choice in the matter, so he made the best of it.

[UNGN]

They did, to UTC.

CT was taxing UTC on things assembled in CT from parts made in low cost/low tax areas/countries, so they gave them tax breaks to stay, forgoing future sales tax on the 6,000+ Airliner engines they plan to sell in the next 8 years.

Malloy bought maybe 7 years before they move to Florida, or a state with deeper pockets and Hartford gets boarded up and is turned into Detroit East.

[GeronL]

I hope not.

GE is about as crony as they come.

Guess how much corporate income taxes they pay?

[GeronL]

GE is a big supporter of Obama and leftists and gets special exemptions from corporate income taxes. As crony as they come.

[cincinnati65]

Atlas Shrugged remains prophecy.

[quadrant]

SC has a better business environment.