In the News

New York Ranks Last in Economic Outlook Study of all 50 US States: Rich States, Poor States in Fox Business

New York has the worst economic outlook of any other state in the U.S.

FOX Business took a deep dive into what accounted for New York’s last-place finish in the 17th edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index.

New York’s economic outlook is the worst of any other U.S. state due to its high taxes and regulatory environment, according to new data.

The American Legislative Exchange Council’s (ALEC) annual Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, released this week, found New York ranked dead last for economic outlook for the 11th year in a row.

The report, co-authored by Reagan economist Dr. Arthur B. Laffer, economic policy expert and FOX Business contributor Stephen Moore, and ALEC chief economist Jonathan Williams, assessed all 50 states on economic competitiveness.

“New York is the perfect example of a state that can’t get out its own way, thanks to failed, tax and spend approach to policymaking,” said Williams. “In order to reverse the devastating trend of outmigration of businesses and individuals, New York needs to embrace commonsense, pro-taxpayer policy reforms.”

Read the full article here.