Commentary: States Are Showing Washington How to Relieve Inflation

Inflation continues to be the top concern for American voters going into the midterm elections. But rather than advancing responsible policies that will tame inflation, the federal government continues to pursue tax and spending plans that will raise the federal deficit, undermine growth, and do nothing to lower prices.

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Unclaimed Property Becomes Revenue for Some States

Some states are making money from unclaimed property that people may not know the states have. 

South Dakota is one of the few states that send profits from abandoned property to their general budget. About 3% of the state’s general fund revenues come from unclaimed property, according to state budget officials. Some states, including Wyoming and Wisconsin, hold on to the property indefinitely. 

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Phoenix Nets Most Inbound Movers, Study Finds

Phoenix home

People are moving to Arizona in droves, especially the Phoenix area.

Last year, the Phoenix metro area took the top spot nationwide in terms of the number of people moving to the city compared to the rate at which people were leaving the city, according to a study conducted by Allied.

Meanwhile, Arizona as a whole was a popular state for people to move to, even outside of the Phoenix metro area; it ranked fifth among inbound states in the country last year. States that ranked ahead of Arizona on the list included: South Carolina, Tennessee, North Carolina, and Florida. Meanwhile, Arizona ranked ahead of Texas on the list.

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States, Not Congress, Could Pose the Biggest Threat to Tech Companies

Despite calls for increased regulation of the tech industry, Congress has yet to pass any major legislation, leaving it up to the states to take action curbing tech companies’ power and influence.

Meanwhile, state legislatures have introduced and enacted legislation on data privacy, antitrust, and content moderation, while state attorneys general have issued a number of legal challenges alleging anticompetitive business practices.

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Commerce Department Report: Red States Leading U.S. Economic Growth

Inside a business with several customers.

Red states are leading economic growth in the U.S., a new report by the U. S. Commerce Department shows, with South Dakota, Texas and Utah reporting the highest growth.

The report is based on 2020 fourth quarter gross domestic product (GDP) data and February 2021 unemployment rates.

Real GDP increased in all 50 states and the District of Columbia in the fourth quarter of 2020. Real GDP for the U.S. as a whole increased at an annual rate of 4.3%. The percent change in real GDP in the fourth quarter ranged from 9.9% in South Dakota to 1.2% in the District of Columbia.

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States Aren’t Prepared to Distribute Coronavirus Vaccine, Investigation Finds

Most states aren’t adequately prepared to distribute the leading coronavirus vaccine, especially to rural areas, once it is approved for public use, according to a ProPublica analysis of state plans.

Pfizer announced Monday that the coronavirus vaccine it is developing was more than 90% effective and did not produce safety concerns during its large-scale trial. But, as the vaccine approached Food and Drug Administration approval, a ProPublica investigation found that states aren’t ready to administer the delivery of the vaccine to vast swaths of their populations.

“Early, when we don’t have lots of doses, I frankly do not anticipate that vaccine will be widely available in every rural community,” Centers for Disease Control and Prevention’s V

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Commentary: Why States and Cities Should Stop Handing Out Billions in Economic Incentives to Companies

by Nathan Jenson   U.S. states and cities hand out tens of billions in taxpayer dollars every year to companies as economic incentives. These businesses are supposed to use the money, typically distributed through economic development programs, to open new facilities, create jobs and generate tax revenue. But all too…

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States With Higher Taxes Lose Population While States With Lower Taxes, Like Tennessee, Gain Population

News flash: People move out of states with high tax burdens, more regulations and fewer jobs to states with fewer taxes and regulations and more jobs. The former tend to be in Democratic-controlled states, while the latter tend to be in Republican-controlled states. That report comes last week from Mark…

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