Yankee is turning 30! Please join us for lunch as we commemorate three decades of improving lives through freedom and opportunity. We’ll be honoring a few individuals as “Yankee Champions of Freedom” for their extraordinary contributions to our state. Special guest Dan Lovallo will be joining us to host this event to benefit Yankee’s ongoing efforts. Thursday, October 9, 2014 | 11:30 am The Hartford Club | 46 Prospect Street Tickets are $80 per person and $700 per table. Click here to save your place today! Contact Jessica@YankeeInstitute.org or (860) 282-0722 with any questions.
Kids in Connecticut are born broke – more than $27,000 in debt – because of billions in unfunded pension promises. State estimates suggest citizens owe $25 billion, but this Yankee Institute study found the real number is more than three times higher, $76.8 billion. The state owes another $22.7 billion to cover retiree healthcare costs. To pay for these promises, Connecticut needs a plan. One solution would require raising taxes by nearly $1,500 per family, which could severely damage the economy. Instead, the study recommends adopting defined-contribution plans – much like a 401(k) – for new state workers as soon Read on →
New Poll Shows 75 Percent of Connecticut Residents Support Right to Work Poll Highlights National Employee Freedom Week, Grassroots Campaign to Educate Union Employees about their Rights EAST HARTFORD – A recent poll shows 75 percent of Connecticut residents support allowing union employees to leave their union without force or penalty – a concept generally referred to as Right to Work. The Yankee Institute for Public Policy released the findings of the poll today as part of National Employee Freedom Week. In addition, the Yankee Institute will run ads on Spanish-language radio stations with the message that the recent Supreme Read on →
Stephen Moore, Chief Economist at The Heritage Foundation, delivered remarks to an audience of approximately 150 at the Yankee Institute’s annual Friedman Legacy Day luncheon. Moore, who served as senior economics writer for the Wall Street Journal’s editorial board and founded the Club for Growth, discussed Milton Friedman’s impact on American economic thought and commented on flaws in the Obama administration’s economic policy. Concluding his remarks with an analysis of Connecticut’s economy, Moore declared, “If this state ever repealed its income tax [passed in 1991], growth here would take off like a rocket ship.” His observations were backed with statistics not Read on →
You can expect some liberal populist triumphalism about the fact that, over the last six months, the 13 states that raised the minimum wage gained jobs faster than the states that didn’t. It’d be great if that turned out to be true, always and forever. But any celebrating now is premature. Here’s why: First, as the linked article notes, even the economists who support a higher minimum wage as a policy matter acknowledge that there’s no cause and effect, noting there are many possible reasons that certain states’ hiring might have quickened. Second, six months is a pretty short snippet Read on →
Check out Raising Hale — there’s an eyebrow-raising report on how, thanks to the First Five (the state’s primary economic development program under Governor Malloy’s leadership), taxpayers have ended up subsidizing shorter commutes for five CEO’s.
Don’t take it from us — take it from the Economist. A recent piece there finds that Connecticut merits only a “D” for its overall friendliness to small business. That means it’s better only than California, Illinois, Maine, Rhode Island and Vermont. Whooppee. And that’s just overall. When it comes to the tax code, Connecticut fails entirely — along with only three other states: Illinois, Hawaii and Rhode Island. That’s right: We’ve got a worse tax climate even than the liberal hotbeds of California and Massachusetts! Connecticut earns the same failing grade when it comes to regulations — a big, Read on →
Click here to register for this year’s luncheon event on July 31 at the Pond House Cafe at Elizabeth Park. Stephen Moore will be our guest speaker!
Connecticut was already on the hook to offer $115 million of taxpayer money to Bridgewater Associates — the Westport hedge fund with $150 billion under management — if it would move from Westport to Stamford. The move may have fallen through, but Connecticut’s taxpayers are going to take it on the chin, nonetheless. In an effort to entice Bridgewater — the world’s largest hedge fund — to come to Stamford, the state spent $16 million in taxpayer money cleaning up waterfront land that was contaminated. Now, we learn, the move may be off, but as for that $16 million . . . it’s not Read on →
State, SEIU can’t force workers to pay EAST HARTFORD – Harris v. Quinn, one of the Supreme Court decisions announced earlier today, has distinct implications for Connecticut workers. In that case, the justices ruled that it is a violation of First Amendment rights to force home healthcare workers to pay union dues. This holding effectively invalidates the 2012 law requiring Connecticut’s home health care workers to unionize – as well as the earlier executive orders signed by Gov. Dannel Malloy. “This is a significant ruling,” said Carol Platt Liebau, president of The Yankee Institute. “Vindicating the First Amendment’s guarantee of Read on →