New York’s Economic Outlook: Jonathan Williams on WGY Morning Radio
We look at the things that are tangibly in control of state legislators and policies that we think really matter for growth from state to state.
Jonathan Williams, ALEC Chief Economist and EVP of Policy, went on WGY Morning Radio and discussed New York’s poor economic outlook, with the state ranking dead last in the latest Rich States, Poor States report. Williams and host Doug Goudie discussed how high taxes, regulation, and lack of economic opportunity are causing Americans to vote with their feet and leave for other states, leading to a brain drain and decline in businesses and charitable contributions.
This is the 17th edition of Rich States Poor States, our annual report where we rank all 50 states and put this together with Reagan economist Arthur Laffer and other economists. We ranked New York 50th for 15 out of the last 17 years of this study. It’s no surprise to any of your listeners living with this day in and day out but New York has some of the highest taxes in America of course, as well as income and property taxes.
We also look at regulation and Labor Policy because we look at the 15 things that we think matter the most for economic growth across states. Just as importantly, there’s lots of different organizations that rank the states and that’s a helpful tool, but not all of them focus on things that policymakers in Albany and the other 49 state capitals actually control. We look at the things that are tangibly in control of state legislators and policies that we think really matter for growth from state to state.