ON-Lion Letter
Across the country, states are seeking new ways to become more economically competitive and better ways to grow.  Unfortunately, economic prosperity can be elusive, as some policy prescriptions that are supposed to help miss the mark.  All too often, myths about taxes and budgets are prevalent in public-policy debates and misinformation abounds.  It is important to set the record straight with the facts regarding which policies allow a state to prosper and which policies can trap a state in economic malaise.

In the recently released Tax Myths Debunked report from the American Legislative Exchange Council (ALEC) in Washington, D.C., economists Eric Fruits and Randall Pozdena refute the Left’s popularly repeated myths about taxes and spending.  Using both theoretical and empirical evidence, Tax Myths Debunked confirms what is clearly proven in ALEC's Rich States, Poor States studies:  the key to economic prosperity at the state level is in free-market, pro-growth tax and fiscal policy.

Fruits is a professor at Portland State University.  Pozdena is a former vice president of research at the Federal Reserve Bank of San Francisco.

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