Trump’s Tax Reform Law is Fueling a Positive Economic Outlook in the States
(Worthy News) – Less than six months old, the tax reform law championed by President Donald Trump is already fueling an increasingly positive economic outlook for state governments across the country.
A new report released Tuesday by the American Legislative Exchange Council (ALEC) found that closed loopholes and deductions at the federal level are resulting in increased revenue at the state level, which when invested properly could provide for greater economic dividends down the line.
The report, titled Rich States, Poor States, is published annually and examines the latest developments in state economic growth, outlook, and competitiveness utilizing 15 equally weighted policy variables. The report found that states with lower tax burdens, decreased pension liabilities, and limited regulatory structures rank highest in economic outlook. [ Source: Washington Free Beacon (Read More…) ]