After lawmakers in Yale University’s home state of Connecticut proposed a 7 percent tax on the profits on the university’s $24.6 billion endowment Governor Rick Scott asked them to move to Florida.
He said the tax was unfair, and stated he thought not only Yale but all Connecticut businesses should move to the Sunshine State.Governor Scott said:
It is clear that all businesses in Connecticut, including Yale, should look to move to Florida. Since I took office in 2011 we have not raised any taxes or fees in Florida. In fact, we have cut taxes 55 times, including $1 billion in tax cuts over the last two years, which saved Floridians $5.5 billion.
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It is not the first time Scott has made remarks about wanting businesses to move from other states to Florida. He has previously made similar remarks about businesses in Texas, New York, California, Pennsylvania, etc.
In closing he said:
We would welcome a world-renowned university like Yale to our state and I can commit we will not raise taxes on their endowment. This would add yet another great university to our state.
