State Tax Cut Roundup: 2013 Legislative Session
In this document that assesses state taxes, Jonoathan Williams writes that with the federal government locked in seemingly endless gridlock, it is up to the states to jumpstart their own economies and allow private sector entrepreneurs to be the drivers of economic growth. It is encouraging to see so many pro-growth proposals from just the last legislative session. But, there is much more work to do. While we acknowledge that there are many factors that help determine a state’s economic growth, based on the evidence, tax and fiscal policies are among the most important. As states learn lessons on what to do (or not to do) from each other, people, jobs, and capital will move accordingly. As this reality sinks in, the expectation for pro-growth tax reform in the states during the 2014 legislative session will be even higher.