Utah ranked No. 1 for economic outlook for 10 years in a row
The report has ranked Utah number one for economic outlook since its inception in 2008.
Utah's chapter of Americans for Prosperity says Utah's model of limited government and lower taxes is to blame for its current and projected prosperity.
“We are proud of our state and proud to stand behind legislators who have worked to implement policies that create more opportunity for Utahns,” said AFP-Utah State Director Heather Williamson in a press release. “But there’s still work to be done to ensure Utah remains a place where individuals, families and business can thrive."
Williamson said legislators who voted for higher taxes and to expand Medicaid under Obamacare "will not keep us at number one."
"We must not allow higher taxes and spending to undo the progress we’ve made,” Williamson said.
This is the eleventh edition of the report, which looks at 15 different factors including tax burdens, regulations and labor policy to determine economic outlook for the coming year.
Utah ranked first, followed closely by Idaho, Indiana, North Dakota and Arizona. At the bottom of the list are New York, Vermont and Illinois.
The report explains that, “Generally speaking, states that spend less—especially on income transfer programs—and states that tax less—particularly on productive activities such as working or investing—experience higher growth rates than states that tax and spend more.”
Americans for Prosperity-Utah will soon be releasing its 2018 legislative scorecard, developed from analyzing state legislators' voting record on what the organization identifies as key economic issues.
The scorecard will clearly show which Utah legislators voted to ensure Utah continues to be a prosperous state, the organization says.