Friday, February 28, 2014

Data Show Tax Cuts, De-Regulation Do Not Lure/Create Businesses

I'd noted in a post today that Walker's agenda is not a growth producer, so thanks to the sharp-eyed policy wonk who sent me this fascinating item in support, including:

Cutting state taxes to attract entrepreneurs is likely futile at best and self-defeating at worst, a new survey of founders of some of the country’s fastest-growing companies suggests.  The study, which is consistent with other research, should be required reading for state policymakers — especially those in Michigan, Missouri, Nebraska, Ohio, Oklahoma, South Carolina, and Wisconsin who are pushing for large income tax cuts. 
  • “Only 5% of entrepreneurs cited low tax rates as a factor in deciding where to launch their company” and only 2% mentioned “business-friendly regulations” and other government policies.  The report’s authors concluded, “We believe that the lack of discussion of these factors indicates that marginal differences in these areas at the state or municipal level have little influence on great entrepreneurs’ decision-making processes.”

1 comment:

Anonymous said...

Maybe "customer service" will do the trick-