by Dan Mitchell | Sep 18, 2020 | Big Government, Blogs, Taxation
New Jersey is a tragic example of state veering in the wrong direction. Back in the 1960s, it was basically like New Hampshire, with no income tax and no sales tax. State politicians then told voters in the mid-1960s that a sales tax was needed, in part to reduce...
by Dan Mitchell | Oct 23, 2019 | Blogs, States, Taxation
Following their recent assessment of the best and worst countries, the Tax Foundation has published its annual State Business Tax Climate Index, which is an excellent gauge of which states welcome investment and job creation and which states are unfriendly to growth...
by Dan Mitchell | Feb 9, 2019 | Blogs, Tax Competition, Taxation
According to Freedom in the 50 States, which we reviewed a couple of days ago, New Jersey is in the bottom 10 and has been moving in the wrong direction. This dismal ranking is not an anomaly. New Jersey also is in the bottom 10 of states according to Economic Freedom...
by Dan Mitchell | Jul 2, 2018 | Big Government, Blogs, Taxation
New Jersey is a fiscal disaster area. It’s in last place in the Tax Foundation’s index that measures a state’s business tax climate. It’s tied for last place in the Mercatus Center’s ranking of state fiscal conditions. And it ranks in the bottom-10 in measures...
by Dan Mitchell | Jun 4, 2018 | Blogs, Tax Competition, Taxation
Better economic performance is the most important reason to adopt pro-growth reforms such as the Tax Cuts and Jobs Act of 2017. Even small increases in economic growth – especially if sustained over time – can translate into meaningful improvements in living...
