Skip to comments.President Obama Can Find Change In The States
Posted on 02/15/2014 11:03:40 AM PST by ThethoughtsofGreg
President Obamas State of the Union address has produced a polarizing effect on the nation; some fully support him while others express serious concerns about his growing propensity to ignore federal law and act unilaterally. President Obama recognized many of the nations problems, from high corporate income taxes to stalling incomes. Fortunately, we need not implement Obamas flawed solutions or start from scratch. The fixes to many of our nations problems are found in the pro-growth and limited government reforms that have been implemented throughout the states.
Unemployment is one such problem. The President said during his address the United States has the lowest unemployment rate in over five years. This is mainly because so many people have dropped out of the U.S. workforce, stopped looking for work and therefore no longer count in the U.S. unemployment rate. A more accurate way to assess the market would be to analyze job growth. This measures the total number of jobs that were added over a given time period. States that have taken the Presidents advice and have moved to raise taxes on high earners have learned the hard way that taking money out of peoples pockets does not help grow the economy. In fact, from 2001 to 2011, the nine states with the highest personal income taxes have increased their total employment by only 4.9 percent. Over the same time period, the nine states with no personal income taxes saw their total employment grow by 12.7 percent, more than double. The no income tax states also saw state revenue grow by 76.3 percent due to economic growth compared with only 47.9 percent growth from their high tax counterparts. Now thats deficit reduction.
(Excerpt) Read more at americanlegislator.org ...
Yeah. I got a quarter so he can call somebody that gives a s***.
HEY! This can be fixed with a pen and a phone!
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