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Opinion: Will GE’s departure be a political issue? You bet it will

Terry Cowgill
Terry Cowgill

Terry Cowgill lives in Lakeville, blogs at ctdevilsadvocate.com and is news editor of The Berkshire Record in Great Barrington, Mass. Follow him on Twitter @terrycowgill.

Now that some of the dust has settled after the announcement last week that General Electric would move its headquarters from Fairfield to Boston, a question my editor Christine Stuart asked shortly after the announcement (Will GE’s Move Impact The 2016 Elections?) has been answered.

If the reaction from Republican leaders is any indication, the answer is a resounding “yes.” And why not? There is very little to lose from politicizing it. After all, most Connecticut residents are either troubled, disturbed, or disgusted by losing the corporate headquarters of one of the largest and most prestigious companies in the world. And it would be almost impossible to argue that state government, with every branch and constitutional office under Democratic control, had nothing to do with it.

The only downside for the Republicans is that they might overplay their hand or run the risk of being labeled naysayers who are running the state’s economy down by bad-mouthing it, as Gov. Dan Malloy suggested last week on MSNBC and Senate President Martin Looney did, as quoted by Stuart.

See the complete story at CT News Junkie.

Comments

One response to “Opinion: Will GE’s departure be a political issue? You bet it will”

  1. Casey Smith

    Hartford is determined to squeeze every last tax dollar it can out of us — and then some. The result?? More companies fleeing to areas where businesses are welcomed rather than penalized. For all we may talk about “Taxachusetts”, their corporate tax rate is 8% while ours in 9% (as of 2013). And CT residents pay about .45¢ per gallon in gas taxes, the highest in New England, as opposed to the 23.5¢ per gallon Taxachusetts residents pay. The .45¢ gas tax is also the highest in New England. The elimination of State funding for the probate courts has hit surviving family members hard as the probate filing costs have sky rocketed and fallen on them in a time of both economic and emotional stress. Thanks, Governor Malloy.

    Forbes magazine had an excellent article about Connecticut financial woes and residency hemorrhage back in 2013.

    http://www.forbes.com/sites/jimpowell/2013/08/01/how-did-rich-connecticut-morph-into-one-of-americas-worst-performing-economies/4/#1e122431f879

    Three years later, well, you can see the result for yourselves as we wave good bye to G.E. and it’s employees.

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