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High Earners, Businesses Feeling High-Tax States

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    ALEC tax and fiscal policy director Jonathan Williams weighs in on tax trends.

  • Duration 2:34
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Level of affluence -- about the talk about it the tax exodus with high income folks to -- the boot to.

Tax heavy states like California and others in following this trend you have some financial firms leaving Wall Street for the business friendly shores of Florida so with that we bring in the American legislative exchange council tax and for.

Fiscal policy director Jonathan Williams is with us from Washington.

DC is they're good article about in this kind of related to this I think in the Wall Street Journal today where the -- highlight Sam Brownback the governor.

Of -- to say he is these basically making a bet lower taxes less government people are gonna wanna come and live in the business.

In Kansas what do you tell us about these trends.

Well that's -- -- I'd be willing to take out say that because the evidence is just so strong from the states that efforts is don't have an income tax or nine states across the country they don't have a personal income tax but also -- just like in the states that have the lowest taxes it's amazing how people and businesses are voting with their feet as we like to say.

Towards -- low tax states and in fact over the last ten years alone.

More than four point two million Americans have moved away from one of the ten high tax states outside nearly one minute over the last decade which is incredible friend and out of tax revenue and economic growth -- bring let them is something every state should be after.

Look at California and bargain in the on the western part and of course back here on this side of the country New Jersey and other states -- -- up higher.

-- taxes what things I picked out of that article that I referenced earlier thought very uninteresting is that they're only apparently thirteen states.

Who at the moment have what what would you describe as a mix legislature in other words.

-- this mix control between Democrats and Republicans all the other states it's either Democrats dominating or Republicans dominating -- get a get a pretty good test.

Over the next few years about -- conservative economic policies work at the state level or whether more liberal policies work and what do you think we'll see.

Bob taillight is justice Brandeis would say we have these laboratories of democracy on the fifty states and it can be very interest -- C conservative economics vs the liberal keynesian model as to which ones will win but I think the history is very clear.

That the free market economies are gonna went out like get the tax is the top of Florida models people are going there in droves and leaving places like California and so as we see this play out as we see this balkanization effect across the states the low tax states are gonna continue to be -- winners and the low tax the only issue with that the question will be will you get enough revenue and then.

They hope by you know limited in some.

Tax deductions and other things and also counting on economic growth you will but again -- gonna see -- -- about.

This over the next few years Jonathan Williams thanks for your time appreciate it has great thanks.

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