by Dan Mitchell | Nov 11, 2020 | Blogs, Economics, States
For years, public finance experts have been warning about fiscally irresponsibility by state and local governments. Many of those governments have been spending too much money and making overly expensive promises to interest groups such as government...
by Dan Mitchell | Oct 29, 2020 | Blogs, Tax Competition, Taxation
Back in 2013, I wrote about Phil Mickelson escaping high-tax California and moving to zero-income tax Florida. The famed golfer grew up in California, but decided that the 2012 decision to boost the top tax rate to 13.3 percent mattered more than beautiful climate and...
by Dan Mitchell | Oct 21, 2020 | Blogs, Economics, States
Back in July, I wrote a three-part series designed to identify the states with the greediest politicians. Part I was based on the top income tax rate in each state. Part II was based on the sales tax rate in each state. Part III was based on the burden of government...
by Dan Mitchell | Oct 17, 2020 | Big Government, Blogs, Government Spending, States
One of the problems with state balanced budget requirements is that tax revenues are very sensitive to economic conditions. Boom Years: When there’s robust economic growth, politicians collect unanticipated revenue because more people have good jobs and more...
by Dan Mitchell | Oct 13, 2020 | Blogs, Economics
I’ve written favorably about the pro-growth policies of low-tax states such as Texas, Florida, and Tennessee, while criticizing the anti-growth policies of high-tax states such as Illinois, California, and New York. Does that mean we should conclude that “red states”...
