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Stop The Presses: Biden Did Something Right!!!!

Unleash Prosperity Hotline
Issue #284
1) Stop The Presses: Biden Did Something Right!!!!

We’ve been saying that we can’t find anything that Biden has done to help the economy in his first 100 days in office. But we are very pleased to report that yesterday, the Biden administration made this announcement:

The Jones Act is an antiquated (100 years old) protectionist act that often prohibits foreign ships from transporting goods and services in American waters. The Biden deregulation will allow foreign tankers to transport gasoline and diesel to fuel-starved areas of the country following the Colonial Pipeline outage.  

Good going, Mr. President. Now, if you really want to impress us, repeal the Jones Act, which will lower prices of goods and services for all Americans.  
2) Florida Challenges Utah For Most Competitive State

The indispensable group American Legislative Exchange Council (ALEC) has released its 14th annual Rich States, Poor States report ranking states on their economic performance and outlook. 

Once again, it found that states pursuing low tax and spending policies have faster growth and a brighter future. Utah came out in first place in the latest Economic Competitiveness report, its 14th straight year in the top spot. Florida was a big winner under Governor Ron DeSantis’ leadership, jumping from 7th place last year to second place. 

Who fared the worst? New York, Vermont, and New Jersey – a trio of neighboring states that are mired in a model that features high taxes, crushing regulations on business, and a precarious public pension system. Illinois and California are right behind them. 

The states that have gained the most ground of late are North Carolina, Florida, Indiana, and Colorado. The states headed in the wrong direction are Virginia, Washington (which just created a new capital gains tax), and New York (which just raised its income tax).

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