The state’s largest business group is calling the new state budget passed by the General Assembly a potential disaster for small and mod-sized businesses. We couldn’t agree more.
"We are deeply concerned that the legislature failed to make further spending cuts that would have reduced the tax burden on Connecticut residents and businesses, and made the state more efficient and sustainable in its delivery of critical services," says John R. Rathgeber, president and CEO of the Connecticut Business & Industry Association, of the budget that included nearly $2 billion in tax hikes.
State government's top priority should be the economy and getting the more than 100,000 people who lost jobs during the recession back to work. "We can't do that by making it harder for businesses to compete, grow and create jobs in the state," said Rathgeber.