[JGBigGreen]

That I could see as well. Guess we will all find out soon enough!

Originally Posted by HeadedWest

I could see them moving to northern VA outside DC.

[JayCT]

Originally Posted by BPt111

75% chance GE will leave CT and other companies will follow

Based on what? Nothing has been announced yet. Jay

[JayCT]

Originally Posted by Mr_250

Not that I totally disagree with you, but what if the tables were switched...what if it was a local company (say Big Y) who paid zero in CORPORATE taxes (GE still pays income, SS and property taxes). They hired great lawyers and accountants to figure how to show they made no money. Would people be so eager to jump down their throats? In all honesty everyone company (and person) shelters money in order not to get taxed on it, just that some are better than others.

The little guy gets screwed, yes I agree and that's not fair but neither is life. But what will really hurt is when GE pulls out of here and takes the $14B they pump in CT economy.

Unfortunately, this country is run by businesses. Rockefeller, Vanderbilt and Carnegie all ran this country behind the scenes for many years. Today, the names and faces changed, but the string pulling is still there.

I don't care what company it is. They should be paying their fair share. It should not matter that they create jobs or not. They have responsibilities just like you and I do and it is irresponsible for them to avoid them. I don't care that every company does it either. Does not make it right. And this is coming from a Republican (me). Time for a change IMHO. Jay

[HumpDay]

Originally Posted by JayCT

Based on what? Nothing has been announced yet. Jay

I don't think it matters if it's been announced or not. GE is most likely quietly negotiating. Just the evidence is enough to prove that they're interested in leaving. You have to agree that there's a greater chance of them leaving than staying.

[mlassoff]

Originally Posted by JayCT

I don't care what company it is. They should be paying their fair share. It should not matter that they create jobs or not. They have responsibilities just like you and I do and it is irresponsible for them to avoid them. I don't care that every company does it either. Does not make it right. And this is coming from a Republican (me). Time for a change IMHO. Jay

Bingo. I would add to this that, small companies get screwed, because we don't have the leverage to shirk our responsibilities. We have to reestablish a balance between corporate responsibility and profitability. Doesn't seem to be any lack of profitability today-- Where's the corporate citizenship?

[BobNJ1960]

Originally Posted by BPt111

State tax blamed for planned Stamford Hospital cuts - Connecticut Post

Understandable reaction. It is the prudent thing for them to do.

[RunD1987]

Heard the state budget cut will effect state hospitals by cutting 63 million dollars in funds. This is not in addition to fund's cut from an earlier budget cut. That's a huge chuck of change hitting hospitals and add on federal cuts ouch.

[RunD1987]

Found this online:https://www.votervoice.net/Shares/B3...CaaKAaRJmN7FBA
Not sure if they will listen worth a try. It's in addition to a $50Milll cut previous budget, a $63Mill, and add in the federal cuts to state hospital's that's $190Mill. Then add in the huge tax the state imposes, but think they appealed it in last budget session, to fix CT Debt. Read another article some hospital's are expecting a 1.7% increase in patient care cost. On average hospital's in CT pay about $250 million in taxes, but forgot the return rate.

[Mr_250]

Fed report of Connecticut Metros GDP. Feds say CT cities had little economic growth in 2014 | The CT Mirror

CT had little growth over the past year. Even with the creation of 23k+ jobs the overall GDP is slower. Income tax receipts are down as well which is not good.

Two reasons for those 1) is high(er) paying jobs were replaced with low wage jobs 2) the stock market is taking a hit so the 7.1% growth they *expected* is NOT even close.

What I found surprising is that in 2009 the Hartford Metro insurance/finance accounted for $47B and in 2014 the GDP dropped over 10% to $42B which means that the "engine" that drives Hartford has not been able to reach Pre recession numbers.

Fairfield County, "the economic driver" of Connecticut, only drew .8%. The national average is 2.4%.

If I'm GE (or anyother company) and I'm looking at this report PLUS the report that says CT is in store for another $1B deficit in 2017, I'm out of here. The overall health is not looking great.

[BPt111]

Originally Posted by Mr_250

Fed report of Connecticut Metros GDP. Feds say CT cities had little economic growth in 2014 | The CT Mirror

CT had little growth over the past year. Even with the creation of 23k+ jobs the overall GDP is slower. Income tax receipts are down as well which is not good.

Two reasons for those 1) is high(er) paying jobs were replaced with low wage jobs 2) the stock market is taking a hit so the 7.1% growth they *expected* is NOT even close.

What I found surprising is that in 2009 the Hartford Metro insurance/finance accounted for $47B and in 2014 the GDP dropped over 10% to $42B which means that the "engine" that drives Hartford has not been able to reach Pre recession numbers.

Fairfield County, "the economic driver" of Connecticut, only drew .8%. The national average is 2.4%.

If I'm GE (or anyother company) and I'm looking at this report PLUS the report that says CT is in store for another $1B deficit in 2017, I'm out of here. The overall health is not looking great.

*Stamford is economic engine of state.