In an exclusive report, the Daily Caller covered the launch of the 15th edition:
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.
“[The report] teaches us that states with lower taxes, especially those that avoid personal income taxes, have seen significantly better rates of in-migration than states with [high-income] tax rates,” Jonathan Williams, executive vice president of policy at ALEC and co-author of the report, said in a statement to the DCNF.