Today not only marks tax day, but also the release of the 7th Edition of Rich States, Poor States; an annual publication co-authored by economists Arthur Laffer and Stephen Moore and produced by the American Legislative Exchange Council. The book “analyzes the effects of current state fiscal policies within each state and ranks the states according to their potential for economic growth.”
Thanks largely to last year’s tax reform legislation, North Carolina’s economic outlook ranking in the book shot up from 22nd to 6th. The climb in rankings was the largest of any state this year.
Gov. McCrory spoke at a press conference this afternoon to highlight the positive impact last year’s tax reform is having across the state. According to a press release from his office:
“Whether you are a police officer in Fayetteville, a teacher in Charlotte, a hospital nurse in Carteret County, or truck driver in Reidsville, many North Carolinians are seeing more money in their paychecks thanks to the historic tax reform we crafted and signed into law,” said Governor McCrory. “Not only does this help working families across our state, it also puts North Carolina in a much more competitive position to attract new businesses.”