Economist: States With Lower Taxes on Business and Personal Income Have Higher Economic Growth
(Worthy News) – States with lower taxes on businesses and personal income have higher economic growth, according to an economist at the American Legislative Exchange Council.
Jonathan Williams, an economist at the council, spoke at an event on the Hill Monday and used two states, Kansas and North Carolina, to illustrate how raising and cutting taxes can affect the local state economy in either a positive or negative way.
Williams explained that while many try to suggest Kansas’s economic difficulty has been due to tax cuts they have implemented in the past, the data suggest otherwise. [ Source: Washington Free Beacon (Read More…) ]
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