Showing posts with label ECONOMIC OPPORTUNITIES. Show all posts
Showing posts with label ECONOMIC OPPORTUNITIES. Show all posts

Monday, March 21, 2022

These are the most and least federally-dependent U.S. states

 

REPUBLICAN CONTROLLED STATES FAIL THEIR RESIDENTS IN MANY CATEGORIES THAT WERE NOT INCLUDED, SUCH AS POVERTY, HEALTH CARE, EDUCATION, ECONOMIC OPPORTUNITIES, MATERNAL MORTALITY AND OTHER CATEGORIES. 

IT'S NOT COINCIDENCE. REPUBLICANS DON'T REPRESENT AMERICANS.

These are the most and least federally-dependent U.S. states


Republican-leaning states tend to be more reliant on federal funding, according to a recent study from WalletHub.

The analysis looked at the return on taxes paid to the federal government, the share of federal jobs, and federal funding as a share of state revenue, and weighed the federal aid dependence of each state's government and their residents separately.

"Overall, blue states are less dependent on the federal government than red states," WalletHub Analyst Jill Gonzales told Yahoo Finance. "States with high taxes and GDP have a lower dependency on the federal government, while states with low taxes and GDP depend more on federal aid."

Alaska was ranked first overall as being the most federally-dependent state while Delaware was the least dependent and also first in the lowest amount of other financial assistance received.

A majority of the five states with the lowest GDP — South Carolina, Alabama, West Virginia, Arkansas, and Mississippi — are also among the most federally dependent states on the list. (Interestingly, however, Alaska is among the top five states for highest GDP despite being the most federally dependent state in the nation.)

States that ranked higher for financial independence — such as New Jersey, Minnesota, and Massachusetts — received exponentially fewer federal contracts and grants between 2021 and 2022 than states on the other end of the spectrum, like Mississippi, New Mexico, and West Virginia.

Dr. Benjamin Clark, an associate professor at the University of Oregon, told Yahoo Finance that certain state programs can create "an appearance of dependence" even though they are sometimes driven by federal investments "that have nothing to do with entitlement programs." For example, he said, some states have a "disproportionately" large number of military bases, which creates more federal job opportunities.

President Biden stands by with Labor Secretary Marty Walsh prior to signing an executive order on federal construction project contracts and labor agreements during a visit to Ironworkers Local 5 in Upper Marlboro, Maryland, February 4, 2022. REUTERS/Leah Millis
President Biden stands by with Labor Secretary Marty Walsh prior to signing an executive order on federal construction project contracts and labor agreements during a visit to Ironworkers Local 5 in Upper Marlboro, Maryland, February 4, 2022. REUTERS/Leah Millis


Clark added that focusing on income tax "ignores the fact" that it's not the only tax collected by the federal government.

"Excise taxes, corporate income taxes, tariffs, Social Security, and Medicare and Medicaid all have separate ways in which they bring in money to the federal government coffers," he said. "Some of these taxes may be a much larger burden on residents of these 'dependent' states than those in wealthier ones."




Saturday, June 12, 2021

We want to take you back in time today to 1992.

 

Charles Booker

We want to take you back in time today to 1992.

In 1992, Blockbuster was the top video rental leader, with over 2,800 stores worldwide. Construction just finished for the Mall of America. The first McDonalds in China opened up. "End of the Road" by Boyz II Men was the top song of the year. And a gallon of gas cost around $1.75.

1992 was also the last year a Democrat won a U.S. Senate election in Kentucky. Since then, our state has continuously slipped behind the rest of the country in education, health care, and economic opportunities. For generations, the people of Kentucky have borne the consequences of decades of failed leadership.

Enough is enough. For too long, Republicans have perpetuated the myth that Kentucky will always be “deep red.” But the truth is it’s a commonwealth where a whole lot of people haven’t felt heard in a heck of a long time. It’s a state where the number of people who don’t vote outnumber those who do. If we change that, we can vote out politicians like Rand Paul and put people at the center of our politics.

That’s why Charles is seriously thinking about running for U.S. Senate to unseat Rand Paul in 2022.

If you want to see us run, will you chip in $10 or anything you can to show your support? Every dollar you give sends a message to the GOP that a powerful grassroots movement is about to rise up in Kentucky.

We are the people leaders like Rand Paul have ignored for decades.

If we decide to run, this campaign will speak to the issues and the pain that we’ve felt under his failed leadership. Black, Brown, and White Kentuckians, from the hood to the holler, we all must rise up together.

That’s why your support is so important right now before we make an official decision. If you’re ready to start building the people-powered movement we need to transform the future of Kentucky, please make a donation today to show your support.

Thank you for everything. Let do this,

Team Booker


Email us: info@charlesbooker.org

Contributions to Booker Exploratory are not deductible for federal income tax purposes. To contribute via check, please address to PO Box 4369, Louisville, KY 40204.








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