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Monday, July 10, 2023
Pink States Feed At The Federal Trough, Blue States Provide The Feed
Washington Publish, The States That Pay the Most in Taxes and Get the Least Advantages:
To which states does the federal authorities giveth, and from which does it taketh away? That’s: Which states contribute essentially the most to the federal funds in taxes, and which get essentially the most again when it comes to advantages? Or, as Joseph McClane from Rockville, Md., put it: “Which states aren’t pulling their weight?”
On behalf of everybody questioning about this, we referred to as the fantastic of us on the Rockefeller Institute of Authorities, a nonpartisan Albany assume tank affiliated with the State College of New York. …
Eight of the ten states that get essentially the most a refund from the federal authorities per greenback they pay into the system voted for Trump in 2020. 9 of the ten states that received the least voted for Biden. The standard pink state will get again 19 cents extra for every greenback despatched to Washington than its blue-state pals.
To make sure, the cut up vanishes in the midst of the rankings, and thus the correlation between Trump vote and better return in your tax {dollars} stays fairly low. It’s simply surpassed by extra influential variables associated to cash, training and disabled inhabitants.
“It’s not political. It’s excessive revenue,” [Laura Schultz, executive director of research at the] Rockefeller Institute informed us. “It ought to actually be inexperienced states — the place the cash is — versus pink states, the place there isn’t cash. It’s not blue-and-red political, it’s green-and-red monetary.”
Prior TaxProf Weblog protection:
https://taxprof.typepad.com/taxprof_blog/2023/07/red-states-feed-at-the-federal-trough-blue-states-supply-the-feed.html
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