A new study finds that states run by Republicans with low tax policies do much better than ones run by Democrats with high tax policies.
This news may seem like a no-brainer but there are plenty of people on the left who will find it surprising and even dispute the results.
Investor’s Business Daily has the story:
Best-Run States Are Low-Tax Republican, Worst-Run Are High-Tax Democratic, Study Finds
Several states, including Republican states, have decided to raise taxes this year to cover budget shortfalls. But a new study suggests that the states might find themselves in worse financial shape after the money starts rolling in.
According to the latest ranking of states by the Mercatus Center at George Mason University, the most fiscally sound states in the nation are all low-tax, GOP strongholds, while the 10 least-solvent states are almost all high-tax and heavily Democratic…
There were several changes in the rankings from last year. Florida moved from sixth place to first, while Alaska dropped from first place last year to 17th this year, driven mainly by the fall in oil prices. Idaho moved into the top 10.
At the bottom of the heap, Louisiana and West Virginia both dropped down in the 10-worst list, while Hawaii greatly improved, going from 45th place last year 27th this year. Connecticut, Maine and New York also climbed out of the bottom 10 list. But New Jersey fell to dead last from last year’s 48th place.
Here’s the list:
How did your state do?