Tuesday’s report from the conservative nonprofit American Council on Legislative Exchange (ALEC) highlighted states with the highest and worst economic outlook for 2025.
Alec’s 18th editionRich, poor statesan annual report examining all 50 state economic outlooks “based on the current status of a state in 15 state policy variables,” ranked Utah first for the 18th consecutive year, followed by Tennessee, Indiana, North Carolina and North Dakota.
New York is one of the states with the highest income tax, ranging from 4% to 10.9%. According to Data from the Tax Foundation, a nonpartisan think tank. meanwhile, In Utah flat 4.55% personal income tax rate.
In particular, some of the states that have made a high mark on Alec’s economic scorecard voted for President Donald Trump in the 2024 presidential election by a large margin. Trump Sweep In the November presidential election, Utah secured 59.4% of votes for 37.8% of former Vice President Kamala Harris.
Meanwhile, Harris I won New York reached 56.3% of Trump’s vote in the 2024 presidential election.
Additionally, the report said it would be less expensive to spend on revenue transfer programs, particularly with less taxes, especially with less work and investment activities. (Related: Harris Faulkner slaps a former DEM rep for not mentioning HIT Americans’ finances under Biden)
“This ranking reflects what happens when Utahn trusts to lead problems, solve problems and shape their future,” Utah Gov. Spencer Cox. I said Tuesday’s Deseret News. “By limiting government and focusing on essentials, we have created freedom and opportunities for prosperity to take root and grow.”
The iconic Empire State Building (L) stands out in the Manhattan skyline with Statue of Liberty in the foreground seen at night from Bayonne, New Jersey on August 15, 2024 (photo by Charlie Tribalou/AFP via Getty Images)
ALEC’s “Economic Performance Rankings” measures state performance over the past decade based on economic data such as GDP, absolute domestic immigration, and non-farm salary employment. Florida is the top spot, followed by Arizona, Utah, Idaho and Nevada.
Meanwhile, Louisiana was listed at the bottom of the economic performance rankings, according to the report. The state also ranked 18th in Alec’s economic outlook rankings.
February, Louisiana Added Net payroll employment and unemployment rate of 2,900 fell 0.1 percentage points to 4.4%. Louisiana’s GDP reached an estimated $231.3 billion in 2022. According to Louisiana Department of Management Data.
In comparison, Florida Added Net payroll employment in February rose 3.6%, up 0.1 percentage points in unemployment. The state’s estimated GDP was $1.58 trillion in 2023. According to A July 2024 report from the Florida Chamber of Commerce.
The report was written by economists Arthur Laffer, Stephen Moore and Jonathan Williams.
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