Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index

Source: Arthur B. Laffer, Stephen Moore, Jonathan Williams, American Legislative Exchange Council (ALEC), 2012

In this fifth edition of Rich States, Poor States, Arthur B. Laffer, Stephen Moore, and Jonathan Williams identify the states that experience prosperity and those that continue to struggle, highlighting the policies that contribute to economic well-being in the 50 states. The authors also provide the 2012
ALEC-Laffer State Economic Competitiveness Index, based on state economic policies. Through the empirical evidence and analysis contained within these pages, discover which policies lead to state economic growth and which policies states should avoid.

…The following variables are measured in the 2012 ALEC-Laffer State Economic Outlook ranking:
• Highest Marginal Personal Income Tax Rate
• Highest Marginal Corporate Income Tax Rate
• Personal Income Tax Progressivity
• Property Tax Burden
• Sales Tax Burden
• Tax Burden from All Remaining Taxes
• Estate Tax/Inheritance Tax (Yes or No)
• Recently Legislated Tax Policy Changes
• Debt Service as a Share of Tax Revenue
• Public Employees per 1,000 Residents
• Quality of State Legal System
• Workers’ Compensation Costs
• State Minimum Wage
• Right-to-Work State (Yes or No)
• Tax or Expenditure Limits

This fifth edition of Rich States, Poor States provides 50 unique snapshots from our “laboratories of democracy” for you to evaluate. Study the rankings, read the evidence, and learn about the proven principles that lead to economic growth, job creation, and a higher standard of living for all Americans….
Arthur Laffer’s Rich States, Poor States Is More Wish List Than Analysis
Source: Citizens for Tax Justice, April 13, 2012

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