In a message to President Niederhauser, ALEC Chief Economist and Vice President of the Center for State Fiscal Reform, Jonathan Williams said, “Major congratulations to Utah – you’ve made it again at #1 in our Economic Outlook ranking! That’s 10 years straight at #1 in America… Once again, congratulations – and thank you for being a great example of a state that is serious about economic competitiveness!”
The Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index is a comprehensive report that ranks the economic competitiveness of states using fifteen equally weighted policy variables. Those variables include:
- Top Marginal Personal Income Tax Rate
- Top Marginal Corporate Income Tax Rate
- Personal Income Tax Progressivity
- Property Tax Burden
- Sales Tax Burden
- Remaining Tax Burden
- Estate / Inheritance Tax Levied?
- Recently Legislated Tax Changes
- Debt Service as a Share of Tax Revenue
- Public Employees Per 10,000 of Population
- State Liability System Survey
- State Minimum Wage
- Average Workers’ Compensation Costs
- Right-to-Work State?
- Tax Expenditure Limits
See Utah’s ranking here.
Dive into Rich States Poor States’ comprehensive report here.