In the News
ALEC in Daily Caller: EXCLUSIVE: States That Tax Less Have Better Economic Prospects, Study Shows
“[The Poor states] follow what President [Ronald] Reagan warned of, which was the liberal view of the economy [and] can be summed up as this: if it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.”
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- SAMANTHA RENCK
- April 18, 2022
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- States with lower taxes and less spending have a stronger economic outlook than states with higher taxes and more spending, according to a new report from the American Legislative Exchange Council.
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- “They follow, in a way, what President [Ronald] Reagan warned of, which was the liberal view of the economy [and] can be summed up as this: if it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it,” Jonathan Williams, executive vice president of policy at the ALEC, told the Daily Caller News Foundation.
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- Utah, North Carolina, and Arizona lead the country with the top economic outlook for 2022, according to the report.
States that spend and tax less tend to have a better economic outlook than states with more spending and higher taxes, according to a report from the American Legislative Exchange Council (ALEC) and shared exclusively with the Daily Caller News Foundation.
The Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index examines each state’s economic outlook for 2022 “based on a state’s current standing in 15 state policy variables” and economic performance over the last 10 years. States with lower tax burdens tend to perform better economically and have attracted migration from other states, according to the report.