Tag Archive: Rich States Poor States

  • Colorado Attorney General Appeals TABOR Challenge to U.S. Supreme Court

    | December 23, 2014 | Add a comment

    A few weeks ago the Attorney General of Colorado, John Suthers, asked the U.S. Supreme Court to hear a case challenging the constitutionality of Colorado’s Taxpayer Bill of Rights (TABOR). The 1992 amendment to Colorado’s Constitution creates spending limits for every level of Colorado government that increase automatically by a … »

  • Tax Cronyism is No Substitute for Good Tax Policy

    | November 21, 2014 | Add a comment

    One of the most significant upsets of the 2014 midterm elections was the choice by Maryland voters to elect a candidate who campaigned on lowering tax burdens and creating a more business-friendly state. Governor-elect Hogan represents a sharp rejection of the heavy-handed regulation and tax-and-spend policies of Governor Martin O’Malley, … »

  • Jonathan Williams Presents on Rich States, Poor States Report

    | September 26, 2014 | Add a comment

    Recently, Jonathan Williams, the senior director of the task force on tax and fiscal policy at the American Legislative Exchange Council, gave a presentation to a group of activists hosted by Americans for Prosperity on the recently released complete 7th edition of annual Rich States, Poor States: ALEC-Laffer State Economic … »

  • New Report on State and Local Business Taxes

    | August 27, 2014 | Add a comment

    The Council on State Taxation, in conjunction with Ernst & Young, recently released a report on state and local taxes paid by businesses in Fiscal Year 2013. The report provides a detailed state-by-state breakdown of taxes paid by businesses and even includes data on what categories the taxes belong. Overall, … »

  • The joke’s on them: High-ranked states in ‘Rich States, Poor States’ perform better

    This appeared on the Daily Caller April 16, 2014. The 7th edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index was released yesterday and has received attention from all angles. While most of the coverage has been positive, Business Insider’s Joe Weisenthal chose to call the index into question. His claim: The American Legislative … »

  • Michigan rejoins U.S. economy

    This appeared on The Detroit News on May 15, 2014. For most of the last decade, Michigan has unquestionably had the worst performing state economy. As economists and former Michigan residents, we know both the abysmal economic statistics and the real human costs of perpetual layoffs, declining income, long-term unemployment, … »

  • 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 … »