Rich States, Poor States, 10th Edition
by Dr. Arthur B. Laffer, Stephen Moore & Jonathan Williams, ALEC, April 18, 2017
Introduction: The 10th Edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index reveals a pro-growth trend across the nation for 2017.
Rich States, Poor States examines the latest movements in state economic growth. The data ranks the 2017 economic outlook of states using fifteen equally weighted policy variables, including various tax rates, regulatory burdens and labor policies. The ninth edition examines trends over the last few decades that have helped or hurt states’ economies.
Used by state lawmakers across America since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, is authored by economist Dr. Arthur B. Laffer; Stephen Moore, distinguished visiting fellow at the Heritage Foundation; and Jonathan Williams, vice president of the ALEC Center for State Fiscal Reform.
PDF: Rich States, Poor States
Economic Outlook: Hawaii Ranks 43rd
Hawaii is currently ranked 43rd in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
Hawaii Current Economic Outlook –43rd
From the 2017 edition of Rich States, Poor States. These values are the most recent available at the time of publication.
POLICY VALUE RANK
Top Marginal Personal Income Tax Rate: 8.25% 42nd
Top Marginal Corporate Income Tax Rate: 6.40% 21st
Personal Income Tax Progressivity (change in tax liability per $1,000 of income) $13.54 36th
Property Tax Burden (per $1,000 of personal income) $21.69 10th
Sales Tax Burden (per $1,000 of personal income) $47.43 50th
Remaining Tax Burden (per $1,000 of personal income) $27.99 46th
Estate / Inheritance Tax Levied? Yes 50th
Recently Legislated Tax Changes -$1.00826 7th
Debt Service as a Share of Tax Revenue 7.41% 26th
Public Employees Per 10,000 of Population (full-time equivalent) 524.48 24th
State Liability System Survey (tort litigation treatment, judicial impartiality, etc.) 62.8 30th
State Minimum Wage (federal floor is $7.25) $9.25 38th
Average Workers’ Compensation Costs (per $100 of payroll) $1.96 34th
Right-to-Work State? (option to join or support a union) No 50th
Tax Expenditure Limits 1 15th
Hawaii Economic Performance Rank -- 26th
Hawaii is currently ranked 43rd in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
METRIC VALUE RANK
Cumulative GDP Growth, 2005 – 2015 37.2% 24st
Cumulative Domestic Migration, 2006 – 2015 -43,856 33rd
Non-Farm Employment Growth, 2005 – 2015 5.54% 23st
read … Hawaii Report
PBN: Hawaii near the bottom in terms of economic outlook