This paper provides a statistical analysis of the relationship between state tax policy and state economic growth rates. The study concludes that the more rapidly taxes rise with increases in income, the lower the state’s economic growth rate.
Texas DOGE Roars to Life
Nearly one year ago, Texas Governor Greg Abbott signed into law Senate Bill 14 in an effort to “slash regulations, put stricter standards on new regulations that could be costly to businesses, and put a check on the growth of the administrative state.” All worthy goals too considering the Lone Star State’s cumbersome regulatory environment, which recently ranked “as the fifth most-regulated…in the nation, after California,...