Joe Scarborough

Connecticut Fighting To Keep GE Headquarters

Connecticut Fighting To Keep GE Headquarters

HARTFORD — As General Electric's self-imposed deadline looms on whether to move its headquarters from Connecticut, some legislators are growing increasingly pessimistic.

"I think they're going to go,'' said Sen. L. Scott Frantz, a Greenwich Republican and the ranking member on the legislature's tax committee.

"I think it's slim,'' said Ridgefield Republican Rep. John Frey when asked to rate the chances that the company would keep its corporate headquarters in the state.

Spurred by increased taxes – specifically, the unitary tax, which affects major companies with operations in multiple states and which the legislature passed in June — and what it calls an...