Study shows 'red' states rank highest in economic potential
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Study shows ‘red’ states rank highest in economic potential

Study shows ‘red’ states rank highest in economic potential

By Molly Henneberg

May 30, 2013 – FoxNews.com

300px US minimumwage.svg  Study shows red states rank highest in economic potential

US Minimum wage laws, from Image:Blank_US_Map.svg (Photo credit: Wikipedia)

When it comes to economic growth and potential, it’s better to be “red.”

So says a new study out of the American Legislative Exchange Council, or ALEC, which ranked all 50 states in terms of their economic outlook — and found those that tend to vote Republican had the most potential.

The “Red States, Poor States” study, the sixth of its kind to be released by the conservative think tank, measured states based on 15 factors, ranging from minimum wage laws to tax rates to labor policy.

Almost all of the top 10 tend to vote “red” in presidential and state elections. At the top of the list, for the sixth year in a row, was Utah.

“The real key to Utah is low tax rates, but more than that a predictable tax climate,” said Jonathan Williams, with ALEC. “Utah legislators are very conscientious about the fact that they don’t spend beyond their means and also they don’t make changes in tax policy retroactively.  They make changes very gradually and they generally make them in a lower tax direction.”

The bottom 10 states in economic outlook, Williams said, tend to be “blue” states with higher taxes and more restrictions on business development.

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 Study shows red states rank highest in economic potential
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