The report uses 15 equally weighted policy variables to rank the economic competitiveness of states, including various tax rates, regulatory burdens and labor policies.
The index also ranks each state in economic performance by examining data over the past 10 years in cumulative GDP growth, cumulative domestic migration and nonfarm employment growth.
Georgia s 14th-place ranking in economic outlook for 2021 was seven spots higher than its ranking in 2020. In the 15 policy variables used to determine economic outlook, Georgia ranked in the top 10 for remaining tax burden (third), no estate/inheritance tax levied (first), recently legislated tax changes (second), minimum wage (first at $7.25 an hour), average workers compensation costs (10th), and being a right-to-work state.
May 14, 202112:29 pm
Facing South identifies the source of another bit of Republican dirty trickery that spread this year through GOP-controlled legislatures like kudzu (but with more damaging effect.)
It’s legislation that prevents, particularly, states from requiring disclosure of donors to 501c4 organizations that enjoy nonprofit tax status but have come to be increasingly influential contributors to political campaigns. The money is dark, very dark. And they like it that way.
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Arkansas is featured at the top of a list of Facing South’s related items:
Date on which Arkansas Gov. Asa Hutchinson (R) signed into law a bill barring state agencies and officials from implementing disclosure requirements on nonprofits that are “more stringent, restrictive, or expansive” than those already in force, and that prohibits state and local agencies from requiring, requesting, or disclosing information about a nonprofit’s donors:
The 2021 report compiled by the conservative American Legislative Exchange Council (ALEC) ranked Colorado 20th in economic outlook because of the stateâs sales and property tax burdens and its debt service as a portion of state revenue.
On the other side, Colorado ranks second in economic performance because of its strong cumulative gross domestic product (GDP) growth, increased population, and non-farm employment growth.
The report grades each state based on 15 criteria, which include tax rates, tax burdens, and the state employment regulations. The trends highlighted in Rich States, Poor States
 tell a story of the free-market ideals that win for taxpayers, and the consequences that follow when they re ignored, ALEC CEO Lisa Nelson said in a statement. Rich States, Poor States
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Normal, IL, USA / www.cities929.com
May 12, 2021 | 3:52 PM
(The Center Square) – A ranking of each state’s competitiveness and economic outlook places Illinois near the bottom.
The American Legislative Exchange Council’s “Rich States, Poor States” report ranked Illinois 47th in the country based on 15 factors, such as income tax rates, property tax burden and debt service as a share of tax revenue.
“Generally speaking, states that spend less, especially on income transfer programs, and states that tax less experience higher growth rates than states that tax and spend more,” according to the report.
Report co-author Arthur Laffer, former economic advisor to President Ronald Reagan, said states that favor low taxes and spending policies came out on top of the list.