24/7 Wall Street: Most and Least Friendly States for Business

Not all tax experts agree that The Tax Foundation’s description of what makes a good business tax climate fairly reflects the attractiveness of a state for companies. Speaking to 24/7 Wall St., Matthew Gardener, executive director of the Institute on Taxation and Economic Policy, described fiscal policy as a two-sided coin. For fiscal policy, “the taxes we collect is on one side of the coin, but the public investments — the spending areas that taxes pay for — are on the other side.” Gardner asserted that The Tax Foundation’s approach considers only one side of the coin.