Though conservative “red” states have more competitive tax systems and regulatory systems, legislators in many liberal “blue” states are beginning to respond with good reforms of their own, according to the latest release of the American Legislative Exchange Council’s Rich States, Poor States report.
In all, 17 states enacted important tax reforms in 2013, making it “a standout year for tax changes in the states,” according to the authors.
ALEC released the report’s State Economic Competitiveness Index in April and in August followed with the release of three new chapters: one on important state policy developments that occurred during 2013 and the first half of 2014; the second on the migrations of people and their wealth into and out of states; and the third on the real-world effects of government policies including minimum wage laws, estate or “death” taxes, and tax burdens.
Coming to Grips with Reality
“There’s been positive tax reform” in many states including North Carolina,...
(Editor’s note: Excerpted from remarks by Ken Orski at the Legislative/Fiscal Plenary Luncheon, Council of Governments’ Southern Legislative Conference, Little Rock, Arkansas, July 27. On July 31, Congress approved a $10.8 billion 10-month "patch" to the Highway Trust Fund, thus averting what could have become significant delays in state reimbursements during the height of the construction season.)
...What will happen after next May is anybody’s guess. A six-year surface transportation...
The campaign season has been filled with claims from candidates that they will create jobs. A common strategy is to target a business or an industry for special state support and to claim credit whenever jobs are added by companies receiving support.
A quick look at the job creation and loss figures for the economy as a whole shows this approach is not a workable one.
There is a surprising amount of job creation and loss in the economy. Michigan added 214,000 jobs and lost 194,000 jobs in the...