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Local lawmaker says GE leaving Conn. because of lack of young people

A local lawmaker says General Electric left Connecticut for a reason, but not because of the takes.  Danbury Democratic state Representative Bob Godfrey says the corporation's marginal tax rate was something like minus-9 percent, getting more from the government than it pays in taxes.  He says GE wanted to go where there are a lot of young people, which is not true in Connecticut.

 

Godfrey says there is no silver bullet to make Connecticutmore attractive to young people.  But he says the state needs to have more affordable house, more starter jobs and better retention rates. 

 

When it comes to the tax burden on business, Godfrey says 23 percent of all state revenue came from businesses in 1988 but now it's down to 5.3 percent.

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