A recent report by the Beacon Hill Institute, a free-market think-tank out of Suffolk University in Massachusetts, provided even more dismal news on Pennsylvania’s economic climate.
According to the study, Pennsylvania is ranked 39th out of the 50 states in economic competitiveness, citing high taxes, high crime rates and other factors for it’s less-than-desirable ranking. Given the burden our state continues to place on our families and small business by way of both personal income tax and business taxes, our low ranking is not surprising.
Until we can provide a economic climate that can allow small business to flourish and reduce the onerous levels of taxation on our citizens, Pennsylvania will continue to miss out on opportunities for real growth.
For a complete version of the BHI study click here