The Taxation Truth Revealed In Both Red and Blue States

Posted on: September 5th, 2014

 

Rex Sinquefield Forbes.com Contributor

Recent tax-policy developments in blue and purple states point to a growing recognition that penalties imposed on work harm local economies, ultimately hurting job creation and retention, businessreinvestment, and spending on critical social and educational programs.

Taxes

The data that state leaders now have available to them provides a clear pathway for designing pro-growth tax policies and brings to mind Winston Churchill’s notion that “a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

A new report issued in mid-August by the American Legislative Exchange Council (ALEC) examines the growing evidence that blue and purple states are identifying income tax policies that they know are constraining growth, contributing to the state’s overall poor performance, and hurting employers and families.

Read the full article on Forbes.com

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