Income taxes act as a significant drag on personal income growth. Real personal income growth was more than twice as high in low- or no-income tax states, compared with the states with the biggest increase in tax burden. Income taxes also have a clear effect on population growth, which helps fuels tax revenue.
Economy
Massive Downward Jobs Revision Reveals The Media Lied About Biden’s Economic Record
Media not only misled the public but may have delayed needed policy shifts, like Fed rate cuts. Americans deserve transparency, not gaslighting. The U.S. Bureau of Labor Statistics (BLS) delivered a body blow to the corporate media industrial complex’s narrative of a robust Biden economy. In its preliminary benchmark revision, the agency slashed its estimate...
September 22, 2025