Ernst & Young

Union-Funded Study Says Business Taxes Aren't Too High

Union-Funded Study Says Business Taxes Aren't Too High

The Connecticut AFL-CIO pushed back Wednesday against business groups that insist the state is overtaxed and requires deeper cuts in state spending.

A study released by Central Connecticut State University economists and commissioned by the state labor federation says the state has the lowest total effective business tax rate in the United States and the nation's lowest ratio of business taxes to state and local taxes.

"Connecticut has economic advantages that few states in the country have and significant opportunities for investment and future growth," the study said.

The effective tax rate is the average rate at which...

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