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Tom Foley on Budget & Economy

 

 


Tax credits are spending; oppose $400M job expansion credits

Tom Foley and John McKinney traded barbs in a lively debate Sunday. McKinney, the state's minority Senate leader, voted for an increase in cigarette taxes to fund tax credits to support the state's film and television industry, and supported increases in taxes on petroleum to pay for new Metro North railcars. "It's called leadership," McKinney said.

"Raising taxes is leadership? That's how you would lead as governor?" Foley said. McKinney supported a bill that allowed United Technologies Corp. to use $400 million in unused tax credits in exchange for guarantees that the company would expand and hire more workers. Foley opposes the deal and says the package increases state spending. "John is using career-politician talk. He is saying tax credits are OK," Foley said. "Tax credits are spending."

"Tom, it's not spending not to tax someone," McKinney said. "Now you are talking like a Democrat."

Source: Wall Street Journal on 2014 Connecticut gubernatorial debate , Aug 10, 2014

AdWatch: Malloy's policies drive jobs out of state

[Foley's TV ad is running in NYC] on Fox News Channel NY and NY1, but it is unlikely to make an impression--beyond generating stories like this one. The ad buy was minimal, a few thousand dollars. "This is definitely not a huge buy," Foley said, laughing. "This is about as small a buy as you can have and still be a buy."

Foley said he was trying to have some fun making a serious point about Connecticut's economic competitiveness under Malloy. The governor always is quick to note that this state's tax rate is attractive compared to NY and NJ, but Foley said it could be a lot better. "I was just trying to make the point that while Gov. Malloy and his policies are driving jobs and young people out of the state, here you have a neighboring city where the same thing is about to happen," Foley said.

Source: Connecticut Mirror AdWatch on 2014 Connecticut Governor race , Nov 11, 2013

Other candidates on Budget & Economy: Tom Foley on other issues:
CT Gubernatorial:
Dan Malloy
David Walker
CT Senatorial:
Chris Murphy

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Page last updated: May 02, 2016