|Arizona has a strong economy and it will continue to be strong, according to the newly-released Rich States, Poor States report from the ALEC-Laffer State Economic Competitive Index. |
The report said that Arizona ranked first in the country in economic performance from 2010 to 2020; this was calculated by looking at the state’s domestic migration, non-farm payroll employment, and state gross domestic product. The state also has a highly-positive economic outlook rank – meaning the organization thinks the state will continue to have strong economic growth. It ranked third in this category, behind Utah and North Carolina respectively.
A major reason for that high ranking in the 2022 metric was the state’s recently enacted tax cuts, according to Jonathan Williams, ALEC’s chief economist.
“It was a savings for hard-working Arizona taxpayers and I think the legislature and Gov. Ducey should be commended for such a commitment to getting tax burdens down in Arizona,” he said.
The Center Square
April 19, 2022