as the president calls it versus a republican argument for lower taxes less regulations and less government. likely to be the defining conversation of the race. listen to the president speaking about this yesterday. what ronald reagan was calling for then is the same thing we re calling for now, a return to basic fairness and responsibility. everybody doing their part. jenna: well, this conversation is also part of a new report by steve moore, art laffer and john than williams called rich states poor states. joining us, steve moore, senior economics writer for the wall street journal. busy, busy, steve, with some of your projects. you ve done this last couple years. what does this research tell you? i have bad news for you and jon. for the fifth straight year new york is the worst economic environment to work in terms of its taxes and regulations. it consistently has been in last place. california by the way is one of the worst places. it has some of the highest taxes on business