(Arlington, VA) — Nevada may be shaking off its recession doldrums.
The American Legislative Exchange Council’s newest edition of the Rich States, Poor States report ranks the Silver State eighth overall for its future economic outlook. That’s up from 13th place last year.
The council says Nevada gets high marks for its lack of state income tax and its status as a right-to-work state.
Texas and Utah top the economic outlook list, with Ohio and Michigan at the bottom.
“Rich States, Poor States clearly outlines the benefits that lower taxes, sound labor policies and spending restraints can have on the economic environments in the states,” said report co-author and economist Dr. Arthur B. Laffer. “It is a valuable resource for those who seek to promote economic growth in their own state.”
The American Legislative Exchange Council’s membership is mostly comprised of conservative state lawmakers and business leaders.