Take a Cue From the Best States for Business. States with lower taxes and fiscally responsible policies experience far more economic growth, job creation and domestic in-migration than their high tax, big government counterparts. The 2014 economic outlook ranking, ALEC said in a release, “is a forward-looking measure of how each state can expect to perform economically based on 15 policy areas that have proven, over time, to be the best determinants of economic success.” States that are looking “to become more competitive” would be wise, the study says, to embrace the policies that “have proven to lead to economic prosperity.” In 2013, 17 states cut taxes, with Indiana, Michigan, and North Carolina – “leading the charge to vastly improve their overall economic outlooks.” On the other side of the ledger, say the study’s authors, the high tax states of Illinois, New York and California – “once economic powerhouses” – have continued their long trips down the ladder of economic health thanks to poor management, generous giveaways to public employee unions, crushing regulations on business and, of course, a tax burden that is simply out of control. usnews/.../low-tax-states-drive-economic...
Posted on: Sun, 17 Aug 2014 01:05:21 +0000
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