Letter letters

Letter: Gov. Malloy, General Electric and the Road to Ruin

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To the editor:

It is hard to say what caused more of a celebration this week in Boston: the Patriot’s win in the NFL divisional round or the acquisition of General Electric as a new Massachusetts business entity. Of course, neither win came cheap, with the Boston Globe estimating that for GE Boston will chip in $20 million in property tax relief and the state $120 million in tax incentives. Clearly, Connecticut was in no financial condition to match such a large offer; the state is locked down in financial crisis mode. The winning bidder’s tax incentives are proof that Senate President Martin M. Looney assertion that “it is clear that GE’s decision has nothing to do with taxes” does not wash. Senate Majority Leader Bob Duff said “G.E. will still have thousands of employees in Connecticut.”

It is no surprise that Martin Looney and Bob Duff reacted so defensively.