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Archives: Business / Articles (page 4)
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Wage Hikes Pose New Challenges for Business in 2018
As Americans look to an exciting new year and politicos start gearing up for mid-term elections, 18 states along with 19 municipal localities will be raising their…
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Center for Innovation and Technology Update – November 2017
The American Technology Council, started by President Trump, released a draft report in August detailing how to reorganize government to enhance the delivery of…
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Illinois Must Dig Itself Out Of The Fiscal Ditch
Finger-pointing is rampant in Illinois as the state’s credit rating has been downgraded by S&P and Moody’s to near junk status, the lowest ever for a state. Without…
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State of the State: Delaware
Governor Carney's agenda resists overall spending reductions, advocates for higher taxes and neglects other needed policy reforms (such as worker’s compensation and worker freedom). With a legislature unlikely to circumvent the lackluster agenda of the new governor, don’t expect Delaware’s economic outlook to break through the median anytime soon.
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State of the State: Ohio
A renewed focus on reforms-rather than government micromanagement-can ensure the governor’s homestretch is one of continued economic renewal.
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State of the State: Texas
Republicans and Democrats in the Lone Star State surely can celebrate Texas’ resilience. Governor Greg Abbott began his State of the State address acknowledging the economic toll of falling…
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State of the State: New Jersey
The governor praised legislators for reducing the state sales tax and increasing the exclusions for the state’s estate tax; but he failed to mention the tax cut savings are almost entirely offset by the enormous 23-cent per gallon increase in the gas tax. This year’s sales tax reduction of 0.125 percent will save consumers a whopping $1.25 on a $1,000 purchase; meanwhile, the gas tax hike will cost twice this much on a single 11 gallon fill-up.
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State of the State: Pennsylvania
Enacting common sense budgetary reforms, eliminating some cronyism, and blocking attempts to increase taxes yet further are commendable. But this will not reverse Pennsylvania’s economic malaise. Accomplishing this will require bold reduction in twin burdens of bureaucracy and tax burden.
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State of the State: Maine
Under Governor LePage’s leadership, Maine’s economic outlook has improved from 48th in 2011 to 38th in 2016. But the tax hike and minimum wage increase threaten to roll back all of the recent progress. The governor recognizes this economic peril. His economic agenda address the problems created by the twin referendums from this fall. The outcome depends on whether or not state legislators heed his warnings.
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State of the State: Montana
With unemployment almost as low as it has ever been in Montana at 4 percent and household incomes on the rise, Governor Bullock should consider allowing this growth in income to drive increases in the state’s revenue instead of increasing the tax burden on Montanans. Given that there are “over 6,500 listed job openings” throughout the state that businesses are struggling to fill, Montana’s employers cannot afford tax hikes.
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Arizona Celebrates Economic Outlook in Rich States, Poor States
Along with ALEC CEO Lisa B. Nelson, the Center for State Fiscal Reform hosted a celebratory event in Phoenix, Arizona, earlier this week. For the second year in a row,…
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Elon Musk Loves Rex Tillerson for Secretary of State, and it Makes Perfect Sense
Tech publications are expressing shock over Tesla CEO Elon Musk’s recent tweets in support of President Trump’s Secretary of State nominee, Rex Tillerson. Musk is the alternative energy…