U.S. Chamber of Commerce Uses Tax Foundation Data in Its New State Rankings
June 11, 2010
A new study from the U.S. Chamber of Commerce, Enterprising States: Creating Jobs, Economic Development and Prosperity in Challenging Times, ranks the states using metrics from the following categories: Entrepreneurship and Innovation, Exports and International Trade, Infrastructure Investment, Workforce Development and Training, and Taxes and Regulation.
Two of the components of the Taxes and Regulation category come from our research:
- Rankings from our State and Local Tax Burdens report
- Rankings from our State Business Tax Climate Index
As noted by the Tax Foundation “the most competitive tax systems create the fewest economic distortions by enforcing the most simple, pro-growth tax systems characterized by broad bases and low rates.” Consequently a relatively higher overall tax burden for business in one state is not necessarily less competitive when compared to another state structuring tax laws in a less enterprise-friendly manner and not providing equivalent public services.