Tax Foundation's 2019 Rankings Show Florida's Economy is Working

Press Release

The Ron DeSantis for Governor Campaign today highlighted The Tax Foundation's 2019 Rankings showcasing Florida's economy is working. According to the Tax Foundation's annual State Business Tax Climate Index, Florida has the fourth best business tax climate in the country, and is the No. 1 best climate for individual taxes.

"This report is great news for hardworking Floridians," said DeSantis. "Florida is the No. 1 best state for individual taxes and the fourth state for best business tax climate in the country, which is why our economy is booming and more and more people are moving to our state."

"As Governor, I will build on this success and fight to make Florida the best place in the nation to do business by keeping taxes low, reducing burdensome regulations and helping create more jobs for Floridians," continued DeSantis.

Andrew Gillum's plan to raise the corporate tax rate by 40 percent would be a disaster and would take Florida backward in this ranking. Andrew Gillum has pledged to raise taxes by a billion dollars. Andrew Gillum's policies would turn Florida into a high-tax state, like those at the bottom of the study's rankings, which include New Jersey, California, New York, Connecticut and the District of Columbia.

"My opponent, Andrew Gillum, wants to reverse Florida's economic success by embracing the far-left policies that made New York and California two of the worst states for taxes. His proposed tax increases of over $1 billion would be disastrous for our state and would cause Floridians to lose their jobs and small businesses to close their doors. Florida simply can't afford Andrew Gillum's high-tax policies," concluded DeSantis.

The report, which compares each state on more than 100 variables, including corporate, individual, property and sales taxes, validates Florida's economic success:

Florida's economy has risen over $1 trillion
State debt has been reduced by $10 billion under Governor Scott
Florida has added over 1.6 million new jobs under Governor Scott
Florida's unemployment rate dropped under 4% (lower than the national average)
The report also notes Florida's corporate tax ranking has gone from 19 in 2018 to 6 in the 2019 rankings.

To view the report in full, please click here.

Source