Tymniak responds to GE’s concern over $750 million tax increase

Chris Tymniak, candidate for Fairfield First Selectman

Chris Tymniak, candidate for Fairfield First Selectman

Fairfield cannot afford this budget

Today General Electric issued a statement announcing that they are seriously considering whether it makes any sense for it to stay in Connecticut. Upon hearing that the Governor and Democrats in the Connecticut General Assembly intend to again raise taxes on Connecticut’s residents, businesses and services GE issued an announcement that has sent shock waves through our local community.

As a Republican candidate for First Selectman here in Fairfield, also the location of GE’s corporate headquarters, I share GE’s concern and I urge the residents of Connecticut, and in particular, Fairfield, to call their legislators and the Governor and tell them you oppose these reckless tax policies that continue to hurt our ailing economy. Increasing taxes is not the solution; as evidenced by GE’s ominous posturing, it will only drive businesses out of Connecticut.

The proposed Democratic tax package carries a wide range of tax increases, with an additional $200 million of taxes on the middle class by effectively increasing your property taxes. The proposal reduces the credit households can claim to offset their local property tax payments and changes eligibility rules that would exempt more household from claiming a tax credit. Additionally, proposed tax hikes on goods and services would further increase the tax burden on the middle class.

GE’s response to this proposed Democratic tax increase demonstrates that irresponsible budgeting, whether on the state or local level, sends the wrong message to our residents and our businesses and drives people and companies out of state.

This issue is of critical importance to us, the citizen taxpayers of Fairfield. General Electric is a cherished and valuable neighbor to us all. Their legacy is woven into the history of our community. General Electric is the largest taxpayer in the Town of Fairfield with close to $75 million in taxable property, accounting for approximately 1% of our local net taxable grand list. GE is also the 4th largest employer in Town with over 700 employees.

Please join me in calling the Governor and the Democratic leadership of the General Assembly to express outrage over this crippling plan.

Contact Info:

Governor Malloy: 800-406-1527, [email protected]

Senate Democrats: 800-842-1420, [email protected]

House Democrats: 800-842-1902, [email protected]

BACKGROUND / SOURCES:

GE Issues Statement On Potential Increase To Connecticut Taxes

By RTT News, June 01, 2015

Reports that Connecticut officials intend to raise taxes by another $750 million are truly discouraging, General Electric Company said. Retroactively raising taxes again on Connecticut’s residents, businesses and services makes businesses, including its own, and citizens seriously consider whether it makes any sense to continue to be located in this state.

The company noted that the Connecticut economy continues to struggle as other states offer more opportunities and a better environment for business growth. It is essential that Governor Malloy and legislative leaders find a more prudent and responsible path forward for Connecticut and its citizens in their current budget negotiations.

The campaign can be found online at: TymniakforFairfield.com / Facebook / Twitter

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