Thursday, August 24, 2023
A new report is optimistic about the future of Oklahoma’s economy. The annual report, Rich States, Poor States, was written by economists at the American Legislative Exchange Council (ALEC). The forward-looking forecast is based on each state’s standing in 15 categories highly influenced by state policies.
One of the key takeaways from the report is that states which champion responsible fiscal policies tend to stand out as magnets for economic opportunity. Cutting taxes, reducing debt and upholding free-market values are the magic ingredients that seem to fuel the fire of economic growth.