ON-Lion Letter

The balance of economic and political power is shifting in America.  According to the January Rich States, Poor States:  ALEC-Laffer State Economic Competitiveness Index report of the American Legislative Exchange Council's (ALEC's) Center for State Fiscal Reform (CSFR), Americans are fleeing high-tax and regulatory states and heading to low-tax states with friendlier business environments by the millions.  The reason for this is simple:  Americans continue to vote with their feet and go where they have the best economic opportunities.

The eighth edition of Rich States, Poor States discusses this important trend in America and which policies are leading states to become magnets for new residents and jobs.  Free-market fiscal policies continue to drive competitiveness across the states, it finds.  The alternative "tax-and-spend" method, like the 11 obstacles to growth outlined in the report, has been tried and consistently failed.  It shares information policymakers can use to avoid these obstacles and set their states up to be economic winners in the competition for people, jobs, and capital.

Rich States, Poor States' authors are Arthur B. Laffer, Stephen Moore, and Jonathan Williams.  Laffer is founder and chairman of Laffer Associates and founder of The Laffer Center at the Pacific Research Institute (PRI).  Moore is a distinguished visiting fellow at The Heritage Foundation.  Williams is an ALEC vice president and director of its CSFR.  Milwaukee's Lynde and Harry Bradley Foundation substantially supports CSFR and projects at PRI and Heritage.

In addition to describing the best tax and fiscal policy solutions for states, the report also includes a review of the significant economic-policy developments that have occurred in the last year.  For the most part, pro-growth economic reforms are gaining momentum throughout the states.

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