Nobel Laureate Urges Caution On Tax Cutting In Connecticut
By HARRIET JONES • WNPR
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Nobel prize-winning economist Robert Shiller says Connecticut shouldn’t be cutting taxes in order to keep corporations in the state. Shiller, who is a professor of economics at Yale, spoke with WNPR’s John Dankosky last week at the New Haven Festival of Arts and Ideas.He said the expected loss of Aetna’s headquarters is a blow, but Connecticut has advantages because it offers a good quality of life, promoted by tax and regulation.”People want to stay in these states because of something about the quality of business there,” said Shiller.“Most people don’t flee taxes, they’re looking at the whole picture. The ambience of a state is enhanced by those taxes as they’re used, and the regulation.”
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