While Democrats in state capitals such as Sacramento and Albany are busy patting themselves on the back for the great job they’re doing, a new report out today puts California and New York at the bottom of the list for economic performance and outlook, casting doubts about prospects for reducing unemployment creating economic opportunities for millions of Americans living in high tax states.
In “Rich States, Poor States,” the American Legislative Exchange Council and well-respected economist Art Laffer examine each state’s economic performance in areas such as GDP, employment, and domestic migration, all factors that are heavily influenced by state policies. Looking forward, they examine factors