A new report ranks all 50 states from best to worst for economic conditions, showing which states have improved, and worsened, in creating an economic climate where businesses want to invest.
The American Legislative Exchange Council released the state analysis, which ranks Utah as the number one state, North Carolina as second, and Arizona as third.
"Utah was the fastest growing state in the country by population, over 18% population growth in the last decade. So one of the key themes that we see not just in Utah but in so many of the top ten or the top half of states is that states that get it right with policy are getting it right with migration as people continue to vote with their feet. Taxpayers are continuing to vote with their feet against high-tax states and going toward states that offer more economic opportunity and really a better quality of life and a lower cost of life." "We've been doing this long enough that there are really no accidents and no flukes," he added.
ALEC created its rankings using 15 metrics, most of them related to state tax environment.
"These are items that we know both from an academic perspective, these policies that we trackthings that we know matter just from an historical perspective but then now in the last 16 years it has been just phenomenal to look at. It's not just a theory. It actually works in practice." For the most part, Republican-led states filled the better parts of the rankings while Democrat-led states fell to the bottom.
The top ten states are almost entirely Republican-led, and the bottom ten states are all Democrat-led.
"The states that followed the free market formula of keeping taxes low and keeping regulations limited, empowering workers, empowering taxpayers across the board are the fastest growing states in America," Williams said.
https://www.thecentersquare.com/national/article_f0f648ea-da02-11ed-9805-234215a7e065.html
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