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After GE Complains, Malloy Asks to Trim Connecticut Taxes

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Connecticut Governor Dannel Malloy proposed lowering a business-tax increase by $224 million after companies including General Electric Co. said they would consider moving.

The second-term Democrat said in a statement Friday that he will ask the legislature to let him make spending cuts of as much as 1.5 percent across the board, which would offset the reduced revenue from companies. Lawmakers’ latest budget plan had called for higher computer and data processing taxes and Internet levies.