Tag Archive: Rich States Poor States

  • New 2014 Rich States, Poor States Rankings Show States Are Making Large Reforms

    | April 15, 2014 | Add a comment

    Since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index has used the latest economic data to determine which states are doing well and which states are struggling. The past 50 years of data point to a clear connection between pro-growth policies of lower taxes, less regulations and competitive … »

  • Oklahoma Tax Cuts Back on Track

    | January 27, 2014 | 1 Comment

    Oklahoma is back on track to reduce its personal income tax and make sure it remains economically competitive. Last year, Oklahoma legislators voted to reduce the state’s personal income tax from 5.25 percent to 5 percent starting January 1, 2015. There was also a provision to lower the income tax … »

  • In Texas, Economic Freedom Produces Innovation and Growth

    | January 13, 2014 | Add a comment

    The United States is in the midst of an economic paradigm shift as evidenced by the evolution of state-level economies. States that used to be bastions of economic innovation are experiencing decline, while other states pick up the slack and replace them on the cutting edge of industry. In terms … »

  • Governor Scott Takes Aim at the Corporate Income Tax

    | November 22, 2013 | Add a comment

    In a recent Bloomberg television interview, Governor Rick Scott of Florida detailed his plan to cut $500 million in state taxes and fees. The state of Florida is currently projecting an $846 million budget surplus in fiscal year 2014, as well as the highest level of state revenue recorded in … »

  • Rain Tax Fines Drench Maryland’s Carroll County

    | November 12, 2013 | 1 Comment

    Maryland’s Carroll County recently received a letter from Assistant Attorney General Paul DeSantis, threatening to fine the county $10,000 for each day that it does not enact a storm water remediation fee, also known as a “Rain Tax.” The infamous Rain Tax bill came as a response to the Environmental … »

  • Colorado Taxpayers Reject Tax Increases, Choose Growth

    | November 7, 2013 | Add a comment

    On Tuesday a ballot measure to raise income taxes on Coloradans to raise funds for increased education spending failed. In fact, the measure, Amendment 66, didn’t just fail–it went down in flames. The measure was defeated by a 30 point margin. This major defeat was in spite of the fact … »

  • California Raising Minimum Wage and the Economic Consequences

    | October 28, 2013 | 1 Comment

    Once again California has thrust itself into the national spotlight as a leader in enacting the policy wish list of the American Left. This time, California’s legislature has voted to further raise the state’s minimum wage. California already has a minimum wage of $8 per hour ($.75 above the federal … »

  • Businesses continue to face excessive taxation

    | September 30, 2013 | Add a comment

    The Council on State Taxation (COST) recently released its 11th annual report on business taxation, revealing that businesses paid a total of $649 billion in state and local taxes in fiscal year 2012—an increase of 3.9 percent from fiscal year 2011. Total state business taxes increased by 5.8 percent from … »

  • Why work when welfare pays more?

    | September 26, 2013 | 1 Comment

    The Cato Institute recently released an updated version of a decades-old study analyzing welfare benefits on a state-by-state basis. The study, The Work vs. Welfare Trade-Off, found that the total value of welfare benefits continues to exceed the income that most recipients would earn from an entry-level job in many … »

  • Texas vs. Maryland: Opposing Economic Strategies

    | September 24, 2013 | Add a comment

    Recently, Texas Governor Rick Perry and Maryland Governor Martin O’Malley had a verbal sparring match on CNN’s Crossfire. Both participants mentioned various statistics and claimed the mantle of economic success for their states. However, the two strategies are nearly polar opposites. Governor O’Malley’s strategy has been to increase government spending … »