Cronyism

Jonathan Williams Discusses New State of the States Report on The Wall Street Journal’s Opinion Journal Live

Jonathan Williams, Vice President for the Center for State Fiscal Reform at the American Legislative Exchange Council, was recently interviewed by Mary Kissel of The Wall Street Journal’s Opinion Journal Live. In the interview Jonathan discusses the release of the American Legislative Exchange Council’s latest publication, State of the States: An Analysis of the 2015 Governors’ Addresses, an in-depth analysis of each governors’ tax, budget and pension reform proposals.

This year’s state-of-the-state addresses reveal great news for taxpayers. More than 20 governors proposed tax cuts, with the majority of those tax cuts directed towards personal income, corporate and property taxes. As pointed out in Rich States, Poor States, pro-growth tax reform will help states to be more competitive for jobs, investments and economic opportunity.

The State of the States report shows a growing trend towards pro-growth tax reform. Over the past two years, the American Legislative Exchange Council’s annual State Tax Cut Roundup revealed that 17 states significantly cut taxes in 2013, and 14 states significantly cut taxes in 2014. With more than 20 governors proposing tax cuts this year, many states have a great opportunity for future economic growth.

 


In Depth: Cronyism

Cronyism in tax policy stifles innovation, hinders competition and introduces a deep temptation for corruption. The 2014 ALEC Center for State Fiscal Reform study, The Unseen Costs of Tax Cronyism: Favoritism and Foregone Growth, found that in the most recent year in which states published their respective tax expenditure …

+ Cronyism In Depth