Another Index, Another Bad Score for Maine
Recently, the ALEC-Laffer State Economic Competitiveness Index was released. It grades a state’s “economic outlook” on 16 factors such as the “Top Marginal Personal Income Tax Rate,” “Estate/Inheritance Tax Levied,” Public Employees per 10,000 of population,” “State Liability System Survey,” “Number of Tax Expenditure Limit,” etc. Unfortunately, Maine again comes in at the bottom of the barrel ranked as the 44th best economy. Our next door neighbor, New Hampshire, comes in much higher at number 20.