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Tax Study Details Reforms Needed for Connecticut’s Success

This month, the Tax Foundation released its 2015 State Business Tax Climate Index, in which Connecticut was ranked forty-second, out of 50 total states. While other states are starting to initiate significant tax reform, Connecticut still has not done anything to make its tax climate more business-friendly, despite its recent placement at the bottom of several rankings and its slow economic growth. “Connecticut loses too many jobs to other states because of its high-tax environment,” said Carol...

Small Business Administration Hurts Local Economies, Study Suggests

Searching for evidence of causal links between government subsidization and economic growth, findings contained within a research paper released by four economics professors this month suggests that the Small Business Administration (SBA) — a federal government agency whose stated mission is to “to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses” — may hurt local and regional economies, as opposed to delivering an economic boost to...

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