Budgets

Pelto’s Blog Powered By Lies About United Technology

I love the old example of a loaded question: “Have you stopped beating your wife?” But Jon Pelto is taking things to a whole new loaded level. In a recent post, he had the gall to pose the question: “Is Dan Malloy a Pathological liar?” He then goes on to selectively and dishonestly quote from news stories about a new deal with United Technologies to expand employment in the state, twisting it around to make it appear that Malloy actually wants to pay this company to lay workers off.

I know, it’s ridiculous, but here’s a little comparison, using the news story Pelto himself cites! [Malloy seeks tax relief to trigger $500M expansion for UTC” from the Connecticut Mirror, 2/26/14.]

 Pelto:

“Governor Malloy and the CEO of United Technologies announced a deal in which the state of Connecticut will forgo $400 million dollars in tax revenues.”

Truth #1:

The deal allows UTC to take advantage in up to $400 million in tax revenues over 20 years, contingent upon maintaining current employment levels.

Truth #2:

The $400 million in reductions will be offset by $500 million in investments, including a “new, 425,000-square-foot world headquarters and engineering facility” and a “new, 500,000-square-foot customer training center and engineering lab.”

Pelto:

UTC reserves the right to lay off up to 1,400 more employees

Truth #1:

If UTC lays off 1,400 workers, it loses the remainder of the tax reduction.

Truth #2:

The planned $500 million investment by UTC will create another 1,500 jobs.

Clearly, UTC is planning to build nearly a million square feet of new office and engineering space in Connecticut and reduce employment in the state by 1,400.

Jon Pelto is surely loaded full of something.

 

 

To comment on this and other stories, please check out the Education Bridgeport! Facebook

What do you think?

More Comments