Connecticut Gov. The share of national GDP attributed to Connecticut is now 17% smaller than it was the year before it approved a state income tax. Malloy enacted the largest tax increase in Connecticut history, imposing new or higher taxes on over two dozen different items. Connecticut voters reelected Malloy but were duped. Less than six months after winning reelection on a promise to not raise taxes, he imposed a $1.5 billion tax increase with the 2015 budget.
Source: Forbes September 23, 2017 19:20 UTC