Connecticut Governor Dannel Malloy has vetoed a bill that would have allowed small businesses to take advantage of a state tax break that’s now only available to large manufacturers. The tax break is for hiring apprentices. Malloy says he is worried it would allow small businesses to sell the credits to wealthy individuals looking for tax loopholes.
Government reform groups are urging the New York State Assembly to pass two bills that have already been approved in the Senate that would reform New York’s economic development programs. They say it’s needed more than ever on the eve of another federal corruption trial involving Governor Cuomo’s economic development programs.