Referendum Climate: "Missing Step: Control Spending"

Wisconsin State Journal Editorial:

Wisconsin received more evidence this week that its taxes are too high.

This time the evidence arrived in a study suggesting that Wisconsin may be just a few tax cuts away from becoming one of the nation's economic hot spots.

The study, from the Pacific Research Institute in association with Forbes magazine, should give state and local policymakers new incentive to control spending so that taxes can be reduced.

The study of all 50 states, called the economic freedom index report, considered a variety of factors from tax levels to justice systems to make conclusions about how much economic freedom each state allows.

The goal was to forecast which states offer the freedom that should lead to prosperity in years to come.

The study showed that Wisconsin made the biggest leap forward among all states since a similar study was completed in 2004.

Much more on the November, 2008 Madison referendum here.

Posted by Jim Zellmer at September 21, 2008 2:33 AM
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