Thursday, May 09, 2013

Massachusetts ranks 47th for Business – Texas #1 - Will Massachsuetts Lose Yet another Congressional Seat in 10 years?

The rankings for the best states to do business in have placed Massachusetts in the bottom ten, according to Chief Executive Magazine, while Texas remains at number one. Massachusetts ranks with New York, Illinois, California, New Jersey, Connecticut, Michigan, Hawaii and Maryland – states with the highest corporate tax rates and business regulations. Texas continues to maintain its first place ranking, with Florida, North Carolina, Tennessee, Indiana, Arizona, Virginia, South Carolina, Nevada and Georgia rounding out the top ten.

From Mass Live The Springfield Republican website, one could detect a bit of concern. Apparently,
The key metric listed in the ranking showed that gross state product in Massachusetts from fiscal 2010 to 2011 had grown at 2.2 percent, a faster clip than the national average of 0.7 percent. Based on Bureau of Labor Statistics data, Massachusetts also had a lower unemployment rate than the national average and a state-local tax burden of 9.3 percent, more than half a percentage point lower than the national average.

The publication suggested that the Magazine “catered” to CEO’s and that it was fodder for political points: The Republican’s seized” on the news. (Masslive). See Comments by readers for entertainment value

It is probably no wonder that an exodus which cost the state a Congressional Seat in the last census finds many of its former residents moving to the Lone Star State, over the border to New Hampshire or where business friendly environments, with low tax rates, offers individuals a bit more economic freedom. One may find the Democrat Congressional Caucus down by one more after the next census, unless of course, the trend to tax anything that moves in Massachusetts is reversed.

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