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44°
Sunday, apr 28
Tag:
Fracking
Politics
Trump, Cuomo Tax Talk At White House Turns To Abortion, Fracking
New York Gov. Andrew Cuomo put aside his differences with President Donald Trump on Tuesday to discuss tax reform, abortion and fracking at the White House. The meeting had been scheduled to discuss the $10,000 cap on the federal deduction for state and local taxes (SALT). The governor has previously blamed Trump’s tax legislation for the state’s $2.3 billion revenue drop. "The federal administration's SALT policy is an economic civil war that helps red states at the expense of blue states, and we are now seeing the potentially devastating effect of it in the form of significantly lowe…
Business
Covia To Shut Down New Canaan Offices, Lay Off 60
Minerals and materials firm Covia has announced it will close its New Canaan facility, laying off 60 employees. According to the Connecticut Department of Labor Warn Notice, Covia made the announcement last week that it will begin closing the plant in the first quarter of 2019 with a complete closure date of 2020. Covia, located at 258 Elm St., became a business following a May merger of New Canaan-based Unimin Corp. with Independence, Ohio-based Fairmount Minerals. According to shareholder reports, the company reported a net loss of $289 million for the last qu…