Malloy open to conversation on business taxes as GE puts one foot out the door

HARTFORD, Conn. – Gov. Dannel P. Malloy will sit down later this week with CBIA President and CEO Joe Brennan to discuss the tax package that was approved last week by the General Assembly and then quickly panned by the business community.

Malloy Spokesman Devon Puglia confirmed Tuesday that the governor plans a one-on-one meeting with Brennan.

Brennan sent a letter to Malloy and legislative leaders Friday asking for a sit-down to discuss what he believes are the long-term consequences of the proposed tax increases added to years of bad policy when it comes to economic development.

At a follow-up press conference the day after the legislature approved nearly $2 billion in tax increases, Malloy said there may be an opportunity to clarify some of the corporate taxes included in the budget. However, he didn’t say specifically whether that meant changing them or simply explaining them.

See the complete story at CT News Junkie.