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Investment Media Take Note of Hedge Fund Tax Proposals [From Investopia]
“Although New York City is perhaps better known as a financial hub, the nearby state of Connecticut is home to a number of prominent hedge funds...... “prominent managers like Edward Lampert of ESL Investments and Paul Tudor Jones of Tudor Investment Corp. have moved their operations out of Connecticut and to the state of Florida for tax purposes.:
“Now, some of Connecticut's elected officials have stated their opposition to a proposal to increase tax levels on Connecticut-based hedge funds,”
HARTFORD: Opponents to a subsidy for the Millstone Nuclear Plant owned by Dominion Resources [NYSE: D] have released a report that claims that The Millstone Nuclear Plant in Waterford is “projected to be the most profitable nuclear plant in the United States between now and 2019.”
While opposition to subsidies for the Millstone plant has surfaced from legislators, consumer groups including ARRP Connecticut, the Stop the Millstone Payout appears to be primarily financed by compteting power companies.
HARTFORD: The CT Labor Department and the CT Department of Economic and Community Development. Issued this month's CT Economic Digest. The issue offers a special focus on Exporting from Connecticut, Connecticut Exports: 2016 in Review.
DECD’s Laura Jaworski. provides the overview on 2016 CT export activity, showing that CT's 2016 exports decreased 5.49% from 2015 ($15.24B to $14.4B) but that exports nationwide decreased in 2015 as well.
Labor Study: Businesses can pay more to preserve CT’s quality of life
HARTFORD: Connecticut businesses can afford — and should pay — higher taxes to support investments in education, health care and other priorities to grow the economy and preserve quality of life, a report sponsored by the state’s biggest labor group urged Wednesday.
The analysis prepared for the state AFL-CIO by the Center for Public Policy and Social Research — a policy think-tank at Central Connecticut State University in New Britain — also concluded Connecticut businesses enjoy some of the best economic advantages in the nation.
But the state’s chief business lobby countered that Connecticut lost jobs in 2016 while they grew in most of the rest of the nation, and this dangerous trend cannot be reversed if taxes are not stabilized.
Converstation with Nick Perna and Keith Phaneuf of CTmirror.
Nicholas S. Perna has been one of the most influential economists in Connecticut for more than three decades.
Retiring in January after 15 years as economic advisor to Webster Bank, Perna has been a consultant to numerous other leading financial institutions, including Fleet Financial Group and the Federal Reserve Bank of New York.
New Haven Magazine