Wednesday, May 13, 2009.

Connecticut Residents Don’t Want More Tax Increases on Local Businesses

Yesterday, Jobs for New England Now was a proud supporter of an important conference at the Connecticut Business and Industry Association (CBIA).  The conference focused on the economic outlook for Connecticut and the greater New England region as we persevere through these difficult economic times.   An important highlight was a new Zogby International poll, which found that local residents are worried that significant tax increases on businesses could lead to the loss of even more jobs throughout the region. 

A synopsis of the poll from CBIA can be seen here.

 

Jobs for New England Now has long believed that legislators need to be more aware of how their decisions not only impact job retention and job growth in the state, but also how they impact every part of our community.  When actions are taken that put greater demands on business, companies can no longer remain successful in the area and they are forced to either cut jobs or shut down completely.  This filters back into the community and our residents because there are fewer resources to support the essential needs of our residents and there are fewer jobs available to help sustain commercial activity.  This new Zogby poll should help educate legislators to understand that although they believe additional taxes or the elimination of certain tax credits on businesses can provide additional revenue for the state, they do not promote greater job retention or a successful work environment for the businesses that employ the region’s workers. 

 

Connecticut residents are growing louder in their opposition for the most recent tax increases on businesses that have been proposed at the State Capitol.  According to the CBIA report, “the vast majority of respondents (82%) said significant tax increases on employers, as contained in a Finance Committee proposal (SB-932), will lead to further job losses in the state.”  We hope that legislators will listen to the voices of their constituents and find new ways to keep deserving jobs in the region!

 

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