MassGOP Statement On Governor Dan Malloy's Springfield Visit On Behalf Of Hillary Clinton

BOSTON -- Today, MassGOP Chairman Kirsten Hughes released the following statement in response to Connecticut Governor Dan Malloy's visit to Springfield on behalf of Hillary Clinton: 

"Hillary Clinton's dangerous tax proposals would kill jobs, hurt the economy, and make it harder for middle class families to get ahead - but she won't admit that her new taxes wouldn't even pay for half of her trillion dollar spending spree. Massachusetts voters don't need to hear anti-business vitriol from Clinton and Governor Malloy, whose job-killing policies have made Connecticut worse off and caused GE to move to Massachusetts."
 

Hillary Clinton’s Spending Proposals Will Reduce U.S. GDP, Cost Over 300,000 Jobs, And Still Won't Pay For Her Entire Spending Spree


According to analysis by the Tax Foundation, Clinton’s tax proposals would “reduce the economy’s size by 1 percent.” “According to the Tax Foundation’s Taxes and Growth Model, Hillary Clinton’s tax plan would reduce the economy’s size by 1 percent in the long run.” (Kyle Pomerleau and Michael Schuyler, “Details And Analysis Of Hillary Clinton’s Tax Proposals,” Tax Foundation, 1/26/16)

According to analysis by the Tax Foundation, Clinton’s tax proposals would result In “311,000 fewer full-time equivalent jobs.” “The smaller economy results from somewhat higher marginal tax rates on capital and labor income.” (Kyle Pomerleau and Michael Schuyler, “Details And Analysis Of Hillary Clinton’s Tax Proposals,” Tax Foundation, 1/26/16)

According to analysis by the Tax Foundation, Clinton’s tax proposals would raise revenue by $498 billion over the next ten years. “Overall, the plan would increase federal revenue on a static basis by $498 billion over the next 10 years. (Kyle Pomerleau and Michael Schuyler, “Details And Analysis Of Hillary Clinton’s Tax Proposals,” Tax Foundation, 1/26/16)

That leaves Clinton billions short of her proposed $1 trillion spending spree.“'Well, what I have proposed would be about a $100 billion dollars a year so it would be a trillion over ten years.'” (Hillary Clinton, Remarks To The Concord Monitor Editorial Board, 12/8/15)
 

Malloy's Tax-And-Spend Policies Drove GE From Connecticut And Have Made The State Bad For Small Businesses
 
Malloy's reckless tax increases drove General Electric from Connecticut."Bornstein said he had learned that weekend the details of Democrats’ plans to levy the second-largest tax hike in state history, on the heels of the largest, in 2011, and called the governor on Saturday. Frey said Bornstein told him he had informed Malloy 'that if these taxes were adopted, they would have to reconsider where they called home. He felt that Governor Malloy did not take him seriously.'" (Jim O'Sullivan, "Conn. politicians trade accusations over loss of GE," Boston Globe, 1/18/16)

Small business owners give Connecticut an “F” for business friendliness.“Texas, New Hampshire, Utah, Louisiana, and Colorado gave their states the highest rating for friendliness to small business. In contrast, small business owners gave California, Connecticut, Illinois, and Rhode Island an “F.” (Jon Lieber, “Connecticut Small Business Friendliness Gets An F,” Thumbtack, 9/2/2015)
 
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