The report makes the comparison between Indiana a low taxing state with a growing economy to Illinois' high tax, high debt burden and so so economic growth as proof that a state's low taxes makes for economic growth. As a libertarian I understand that money in private hands spends and invests more efficiently than government but obviously lower taxes are not the only requirement for economic growth or how else do you explain high tax and expense states such as California and New York? California gets a failing mark in this report yet Jerry Brown raised taxes, reduced services and has strong growth and a budget in big (5 Billion big) surplus in comparison Brownback's Kansas which has lower taxes and increasing debt gets an A+. I expect more intellectual rigor from Cato despite it being a short presentation, or are we just selling soap here?
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