Letter: Make Connecticut healthy again
To the Editor:
After watching the state candidates’ debate at the library, I came away dismayed at the lack of economic knowledge exhibited.
Connecticut is in a fiscal mess with high taxes, severely underfunded pensions, looming operating deficits, and the second largest bonded debt per capita in the nation.
Democrats running for office across the state favor a $15 minimum wage, saying it won’t affect businesses. Really? Large corporations may survive, but it will devastate small businesses.
San Francisco saw 64 successful small restaurants close; many others had to dismiss their servers. Other small businesses fled to more affordable states. Chicago suburbs saw the same exodus and layoffs.
When the minimum wage in California went from $11 to $13 arbitrarily by government, wages rose 3%, but the number of hours worked dropped by 9% creating a net loss in income.
How do layoffs and reduced hours help women and families? They don’t.
Paid Family Leave (HR5387) sounds great, but has unintended consequences. It requires every non-government employee pay 0.5% of income to the state, thereby lessening their take-home pay. Is this helpful for low income households?
Tolls, too, won’t affect just truckers, but all who use I-84 or I-95 will have to add this expense to their daily commute.
Educating our students in STEM fields is a wonderful idea, but these graduates won’t stay in Connecticut because there are no jobs. Companies have left in droves because the Democrat majority legislature has overtaxed, over-regulated, and interfered with business for years.
Bring businesses and fiscal health back. Cut spending to meet revenue, reduce taxes and regulations on business, renegotiate state union contracts to be in line with the private sector, including 401K retirement plan — all proposals that the Republicans have advocated and the Democratic legislative majority have ignored.