In a newsletter I received from the
Institute for Wisconsin's Future, came an interesting tidbit about state taxes and job growth. Guess what. They're not what the Republicans would have us believe. I reproduce it here in part (emphasis theirs):
The Tax Foundation has named South Dakota the most business friendly state in the nation for 2011. Runners up are: Alaska, Wyoming, Nevada, Florida, Montana, New Hampshire, Delaware, Utah and Indiana.
The most business unfriendly are: North Carolina, Rhode Island, Minnesota, Maryland, Iowa, Ohio, Connecticut, New Jersey, California and New York - the worst state to do business. Someone should notify Donald Trump.
The fact is - low taxes have very little to do with economic growth. A recent analysis by IWF of jobs and tax data shows the opposite to be true. The ten highest tax states had better economic growth pattern that the lowest ten tax states.
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Thanks capper.
ReplyDeleteAs Reagan's former Director of OMB, David Stockman, confirmed, the economic benefits from tax breaks for the top 1% do not "trickle-down."
http://www.cnbc.com/id/39154748/We_Can_t_Afford_Bush_Tax_Cuts_David_StockmanEveryone
Luke 12:48: "....Everyone to whom much was given, of him much will be required, and from him to whom they entrusted much, they will demand the more."
I wonder if Chris Liebenthal filed for an income tax refund this year?
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