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Since President Trump signed the big tax cut and reform act in December 2017, the pace of private-sector job creation in the nation’s 27 low-tax states has doubled that of their high-tax peers through May of 2019, according to data released today from the U.S. Bureau of Labor Statistics. Manufacturing job growth is even higher with a 126% job-creation advantage in states with low taxes.
Overall, the 27 low-tax states saw private-sector job growth of 3.2% in the 18 months following the federal tax cut, with manufacturing payrolls growing 3.0%. The 23 high-tax states grew their private sector employment by 1.6%, half as fast as the least taxed states. Manufacturing jobs grew 1.3% over the 18-month period in the high-tax states.
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