Comparing Obamanomics with Reaganomics, Looking at Evidence from the States

Free Republic

quote:

In 1980, for example, there were 10 zero-income-tax states. Over the decade leading up to 1980, those states grew 32.3 percentage points faster than the 10 states with the highest tax rates. Job growth was also much higher in the zero-tax states. The states with the nine highest income tax rates had no net job growth at all, and seven of those nine managed to lose jobs.

Comment:

Here's another item in the list:

8.  The income tax should be abolished and replaced with a better government financing arrangement.  The current one doesn't work.

update:
Dan Mitchell discusses Reagonomics vs. Obamanomics