Here are the 18 states that cut taxes in 2012-2013:
Alaska, Arkansas , Florida, Idaho, Indiana, Iowa, Kansas, Mississippi, Montana,
Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Tennessee, Texas, Wisconsin
Of those states, the following are experiencing strong employment growth*:
Florida, Indiana, Iowa, North Dakota**, North Carolina, Oklahoma**, Tennessee, Texas**
Average to sub par employment growth [1.5% to 1% YOY]:
Arkansas, Mississippi, Montana, Wisconsin
Sub par employment growth [less than 1% to 0.1]:
Idaho, Kansas, Nebraska, Ohio
Zero to negative employment growth:
Alaska**, New Mexico
*From the Bureau of Labor Statistics: bls.gov
**Energy producing states: without oil, ND's employment would be sub par and OK's average
Of the 18 states that cut taxes, 8, or 44% are doing better than average growth. Of those 8, two are energy producing states and that skews their numbers considerably. Texas is big enough so that energy production has less of an impact. Apparently, Alaska is screwed period.
Meanwhile, 10 of the 18, or 56% have sub par employment growth. So where's the correlation Tim? |
