The positive results of low taxes explain why two prominent economics wonks, from opposing sides of the aisle, generally advocate lower taxation. A handful of legislative hacks don t like it
Deseret News
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Scott G Winterton, Deseret News
Soon after early settlers arrived in the Salt Lake Valley in 1847, they chose the beehive as the emblem of Utah, symbolizing the cooperative work required to make the desert bloom. By embodying the beehive emblem, Utah has been able to create a flourishing economy that leads the nation in prosperity and growth. As a result, Utah secured the top ranking for economic outlook in the “Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index,” for the 14th year in a row.
Utah’s preparation paved the way for a year like 2020. The state implemented major free market policies in recent years, which have strengthened Utah’s economy. From creating a flat personal income tax with a rate of less than 5%, to providing forward-looking pension reform to enhance the economic security of workers and taxpayers, Utah’s policy reforms set the bar high for other states. Additionally, Utah’s truth in taxation f
Minnesota ranks in 46th place in terms of economic outlook and economic competitiveness, according to survey mesabitribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mesabitribune.com Daily Mail and Mail on Sunday newspapers.