AFP-Connecticut: CT Economy is Ranked Worst in the Nation
Hartford, Conn. – Americans for Prosperity– Connecticut State Director, JR Romano issued the following statement in response to today’s news that the CT economy is ranked worst in the nation.
“Today’s ranking is further proof that the economic policies of our state are failing our businesses and residents,” said AFP-CT State Director, JR Romano. “If you add in some of the other rankings our state has garnered – worst state to retire in, worst state to practice medicine in, and having the latest Tax Freedom Day in the country, the picture looks pretty bleak in our state.”
According to a report issued by the Bureau of Economic Analysis, Connecticut’s gross domestic product fell by 0.1 percent in 2012, making it the only state in the nation to see its economy shrink.
“This report issued by the Bureau of Economic Analysis demonstrates that the current economic policies are not working,” continued Romano. “During this legislative session issues that could make our state more competitive like right-to-work and pension reform were left undone while items like a minimum wage increase and a budget offering businesses and families more of the same – burdensome taxes and bigger government — were approved. You have to question the priorities and the policies of those in Hartford. They seem to be oblivious to the economic condition of our state and its hard working families and businesses.”