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Article: New Hampshire's faded glory: new national survey says the state is taxing and spending too much.(TAXES)(Survey)
- Article from:
- New Hampshire Business Review
- Article date:
- May 8, 2009
- Author:
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The American Legislative Exchange Council recently released its 2009 "Rich States Poor States" report ranking the economic potential of all the states. New Hampshire, flying high in 2007, has received a flunking grade.
In just two short years from having elected a new legislative majority, New Hampshire has fallen from a ranking of No. 20 nationally to a ranking of No. 37 today. In other words, New Hampshire has fallen 17 positions in rank in relation to all other states and is now just 13 places from the bottom.
The report's authors, Arthur Laffer, Stephen Moore and Jonathan Williams, periodically evaluate all states on the basis of their tax rates, ...