โ๐ ๐ฐ๐ถ ๐ค๐ฐ๐ถ๐ญ๐ฅ ๐ฉ๐ข๐ท๐ฆ ๐ข ๐ต๐ข๐น ๐ฃ๐ถ๐ณ๐ฅ๐ฆ๐ฏ ๐ช๐ฏ ๐ธ๐ฉ๐ข๐ต ๐บ๐ฐ๐ถ ๐ต๐ฉ๐ช๐ฏ๐ฌ ๐ช๐ด ๐ข ๐ญ๐ฐ๐ธ-๐ต๐ข๐น ๐ด๐ต๐ข๐ต๐ฆ ๐ฆ๐ฒ๐ถ๐ข๐ญ ๐ต๐ฐ ๐ธ๐ฉ๐ข๐ต ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ฑ๐ฆ๐ณ๐ค๐ฆ๐ช๐ท๐ฆ ๐ข๐ด ๐ข ๐ฉ๐ช๐จ๐ฉ-๐ต๐ข๐น ๐ด๐ต๐ข๐ต๐ฆ.โ
๐ ๐๐ฎ๐ป๐ฎ๐ฑ๐ฎ ๐๐. โ๐น๐ผ๐-๐๐ฎ๐
โ ๐จ.๐ฆ. ๐๐๐ฎ๐๐ฒ๐โ๐ฎ๐ฟ๐ฒ ๐๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฟ๐ถ๐ด๐ต๐ ๐๐ต๐ถ๐ป๐ด๐?
In this clip from IFSD's ๐ป๐๐ ๐ท๐๐๐๐๐๐๐ ๐๐ ๐ด๐๐๐๐ podcast, IFSDโs Sahir Khan speaks about whatโs often missed in CanadaโU.S. comparisons with U.S. tax expert Scott Pattison (Director of Tax Research and Policy at the Federation of Tax Administrators and former CEO of the National Governors Association)
๐ฆ๐ฐ๐ผ๐๐ ๐ต๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
โข Many U.S. states must balance their operating budgetsโshaping how tax cuts are used
โข โLow-taxโ states can rely on other revenue sources: ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ ๐ต๐ข๐น๐ฆ๐ด, ๐ต๐ฐ๐ญ๐ญ๐ด, ๐ด๐ข๐ญ๐ฆ๐ด ๐ต๐ข๐น๐ฆ๐ด, ๐ข๐ฏ๐ฅ ๐ง๐ฆ๐ฆ๐ด
โข Businesses look beyond taxes when deciding where to invest: ๐ด๐ฌ๐ช๐ญ๐ญ๐ด, ๐ช๐ฏ๐ง๐ณ๐ข๐ด๐ต๐ณ๐ถ๐ค๐ต๐ถ๐ณ๐ฆ, ๐ข๐ฏ๐ฅ ๐ฒ๐ถ๐ข๐ญ๐ช๐ต๐บ ๐ฐ๐ง ๐ญ๐ช๐ง๐ฆ all matter
๐ As for ๐๐ฎ๐ป๐ฎ๐ฑ๐ฎโ๐จ.๐ฆ. ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ถ๐๐ผ๐ป๐:
๐ ๐๐ต๐ข๐ต๐ฆ ๐๐๐ ๐ฅ๐ฐ๐ฆ๐ด๐ฏโ๐ต ๐ต๐ฆ๐ญ๐ญ ๐ต๐ฉ๐ฆ ๐ณ๐ฆ๐ข๐ญ ๐ด๐ต๐ฐ๐ณ๐บ
๐ Look at other indicators, including: ๐ฎ๐ฆ๐ฅ๐ช๐ข๐ฏ ๐ช๐ฏ๐ค๐ฐ๐ฎ๐ฆ, ๐ญ๐ช๐ง๐ฆ ๐ฆ๐น๐ฑ๐ฆ๐ค๐ต๐ข๐ฏ๐ค๐บ, ๐ข๐ฏ๐ฅ ๐ฒ๐ถ๐ข๐ญ๐ช๐ต๐บ ๐ฐ๐ง ๐ญ๐ช๐ง๐ฆ ๐ฐ๐ถ๐ต๐ค๐ฐ๐ฎ๐ฆ๐ด
As debate here continues around cost of living, productivity, taxes, and ๐จ๐ฆ competitiveness, check out this important reality check from inside the U.S. system.