WASHINGTON—States with the highest tax burdens, such as New York, Illinois, and California, continue to lose residents this year as tax rates have a significant effect on the growth and prosperity of the states, economists say.
“The evidence is clear that competitive tax rates, thoughtful regulations, and responsible spending lead to more opportunities for all Americans,” according to the “Rich States, Poor States” report by the American Legislative Exchange Council (ALEC), a conservative nonprofit organization.
