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Sunday, May 24, 2009

The New Hampshire Advantage in Action

Kevin Landrigan looks at how the New Hampshire economy is fairing compared to our neighbors in the Nashua Telegraph:
The state's relatively limited revenue structure also means that while it was late going into a recession, New Hampshire is usually late coming out, too, D'Allesandro said.

New Hampshire and Alaska are the only states without either a state sales or income tax. When a recession begins to end and companies are hiring more workers, states with income taxes see a more dramatic increase in state revenues than New Hampshire does, he said.

"We are slow to go in and slower to come out,'' D'Allesandro said.

D'Allesandro's point in that state revenues are slower to recover here than other states, not our low-tax economy.

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