According to a recent CT Inside Investigator article, a new CT Department of Labor report is out, and it confirms what residents already know and feel every day in our state.
Unemployment in Connecticut just hit 5.1%. A year ago, it was 3.8%. We are now above the national average for the fifth month in a row. Nearly 38,000 people have left the workforce in the past year.
This is not bad luck. Business leaders are pointing straight at state tax policies that drive up business costs and hurt job creators.
CT Senate Republicans put a $1.5 billion plan on the table this session to address the cost-of-living crisis. Our plan would cut property taxes, eliminate the car tax and the Public Benefits Charge, and lower electricity rates and healthcare costs.
CT Democrats rejected every piece of it.
CBIA President and CEO Chris DiPentima told Inside Investigator that “legislators did not address two of the biggest expenses residents face: the Public Benefits Charge driving up electric bills, and the rising cost of healthcare.”
Failed Democrat policies have a cost. Connecticut residents are paying it.