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How is it that our economy languishes while every state around us prospers?
One answer is, we elected a career government employee with no understanding of job creation, and some of our legislative leaders are equally clueless. They spent most of the last four years groping in the dark every time the subject came up and didn’t have a flashlight among them until last year.
When this governor took office, the recession had gripped the state’s economy for two years. In 2011, everybody focused on budget cutting, but look at what else happened.
The governor made it clear she would veto any tax increases, which cheered business people — you know, those folks who make hiring decisions — but they had more on their wish list.
One was sensible regulation. A bipartisan Red Tape Reduction Act, blessed by the governor, industry and environmentalists, failed after a Republican added language to eliminate the state cap-and-trade program. Lawmakers also killed an extension of the successful Angel Investment Tax Credit for individuals who invest in startups.
Business also wanted to increase unemployment premiums to stabilize the fund. The governor, who didn’t know that unemployment is insurance and a premium is not a tax, argued against “higher taxes” and vetoed higher premiums. Dems sued and won.
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