Posted 4/10/2024, 12:00:00 PM
New York Ranks Last in Economic Outlook for 11th Straight Year Due to High Taxes and Regulations
- New York ranks last in economic outlook among all 50 states for the 11th consecutive year according to ALEC report
- High taxes, regulations, and policies driving residents and businesses out of New York
- New York has highest personal and corporate income tax rates and 2nd highest debt-to-revenue ratio
- Regulatory burdens, lack of right-to-work laws, inheritance tax contribute to poor ranking
- Vermont, Illinois, California, and New Jersey also rank near the bottom for economic outlook
