This is the first of Spurred generated maps. By clicking here, a series of maps from 2006 to 2010 are presented in a pdf file. These maps plot unemployment percentages as reported by the Bureau of Labor Statistics over the Business Tax Climate Index as calculated by the nonpartisan Tax Policy Foundation. The Business Tax Climate Index is a combination of individual income tax, sales tax, corporate tax, property tax and unemployment insurance tax. The darker shaded states have a more favorable business tax climate.
There is much talk about lower taxes being a job creator, especially during elections. It is probably safe to say that for short term, that would be correct. See Michigan’s film industry incentives. The question on the table is, if lower taxes really create or sustain jobs, wouldn’t those states be hit with less of a blow in unemployment numbers? The maps show no relation suggesting that that is correct.
We’re all for job creation and believe that is one the best ways out of poverty. Which is why we’re so enthusiastic about organizations like Partners Worldwide. We also favor truth, best practices and data, which is why the maps were created (and also for a class project).