Center for Economic & Fiscal Policy
- Over the past 20 years, Delaware’s per capita income has gone from the highest in the nation to below the national average.
- According to the Delaware Department of Labor, employment is projected to grow at only 0.5% over the next decade, thereby trailing most of the nation.
- Since 2009, Delaware has had five recessions compared to one in the rest of the country.
- Including the variable Gross Receipts Tax, small business owners in Delaware often pay the highest personal income tax rates in America.
The 2018 ranking of states by fiscal condition has been issued by the Mercatus Center. The analysis is based upon FY16 financial reports. Delaware ranks 44th among the states for fiscal health. Delaware has between 1.34 and 1.98 times the cash needed to cover short-term obl...
Read MoreThis article was originally published at delawareonline.com on May 29 in The News Journal on May 30 The recent DEFAC Advisory Council on Revenue recommends an increase in the state's Gross Receipts Tax rate. This is a gross mistake for three reasons. First, if you tax s...
Read MoreGeneral Electric may be looking for a new home for its corporate headquarters in response to a whopping $150 million Connecticut state tax increase. The company already moved once as a tax refugee from New York City to its current Fairfield, Connecticut location. Delaware could get on th...
Read MoreAmazon recently announced the addition of 500 jobs at its Fulfillment (distribution) Center in Middletown, bringing the total of year round jobs at the site to 2,500. Is this commitment amazing? On a macro level it is not. Over the past five years Amazon has been one of the fast growing...
Read MoreThere are many factors a business chooses when deciding where to locate or to relocate: tax rates, quality of life, quality of education system, government regulatory burden, and now for manufacturing businesses, whether a state has a Right to Work (RTW) law or not. Proving that RTW is ...
Read MoreThe recovery from the 2008-2009 recession has been the longest and weakest since WWII. Typically an upswing in domestic real investment initiates a recovery. The two main components of real investment are residential housing and nonresidential (business) investment. The bursting of the housing bubbl...
Read MoreThis article was originally published on October 28, 2014 on the website InsideSources.com. This article is reprinted in its entirely with permission. Economic research on the impact of energy prices on economic growth has focused largely on the volatility of the price of oil, which has tri...
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This article originally appeared in The News Journal as a Delaware Voice opinion editorial on November 18, 2014. The link is: http://delonline.us/1p1urFA New Castle County Executive Tom Gordon and Wilmington Mayor Dennis Williams are to be congratulated for allowing consultants to produce ...
Read MoreCaesar Rodneys Transparent Delaware website has been updated to include state employee payroll data through 2013. An initial pass at the latest data continues to raise the question as to why the State of Delaware government doe...
Read MoreCaesar Rodneys Transparent Delaware website has been updated to include the state of Delawares FY 2014 vendor payments of $4.7 billion encompassing almost 474,000 individual transactions. The state is a major player in Delawares economy with vendor payments that amount to nearly 10% of private indus...
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