It will be highly instructive in the coming quarters to see if California can continue to exceed the national growth rate, especially after California voters approved a big tax increase last November which made California’s income tax the highest in the nation.
Texas, on the other hand, looks set to enact a modest tax cut.
The public policy contrast between the two largest states couldn’t be clearer.
Time (and revisions) will tell which model works best for the people in each state.
Tuesday, June 25, 2013
Economic growth: Texas, California and revisions
Another comparison of state growth between CA and TX. CA, not so hot compared to TX.