CT Senate GOP Statement on CT Economic Data

Sen. Ryan Fazio, Sen. Henri Martin and Sen. Stephen Harding today issued the following statement regarding data released by the federal Bureau of Economic Analysis which reveals that in second quarter of 2024, Connecticut’s real gross domestic product grew 2.8 percent at an annual rate, compared with a national increase of 3.0 percent for the same time period.

“In analyzing this and any economic data, we must consistently ask: What is holding Connecticut back? Why does our state continue to lag the rest of the country? The answers continue to be burdensome regulations, high taxes, and the high costs of living and doing business in Connecticut. The threat of future Democrat-backed job-killing government mandates and tax hikes in 2025 do not help grow our economy, either. Republicans will continue to propose pro-growth ideas that can lower burdens, remove barriers to growth and unleash our economy. We must enable key industries in Connecticut’s private sector to thrive. We must listen to our job creators.”