Friday, January 30, 2015

Virtuous competition between the states

Stephen Moore notes that the dominance of Republicans at the state house level is leading to aggressive competition on taxes, labor laws and regulation. State after state is cutting its top marginal income tax rates with a few ambitious states targeting complete repeal. At the same time state after state have implemented "right to work" laws and tort reform which have the happy coincidence of both promoting growth and eviscerating leftist anti growth funding sources. The spread of pro producer  governance is great for the nation but a challenge for  deep blue and disproportionately fiscally troubled states.

The competition for jobs and wealth is getting much tougher for those that look at wealth creators as sheep to be shorn or slaughtered.

No comments:

Post a Comment