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1 Joseph Henchman, Competitive Position of District Businesses, Employers, and Employees vs. Maryland and Virginia 1 (2016)

handle is hein.taxfoundation/cpdbuemva0001 and id is 1 raw text is: Competitive Position of District Businesses, Employers, and Employees vs. Maryland and Virginia Joseph Henchman Vice President of State Projects, Tax Foundation Presentation to the Mayor's Working Group on Jobs, Wages, and Benefits September 28, 2016 Members of the Working Group: My name is Joseph Henchman, and I'm vice president for state projects at the Tax Foundation, which is a non-profit organization based here in the city. I'm grateful for the opportunity to speak to you today on the District's business competitiveness. First, a general caveat: lots of things matter for individual and business location decisions. My specialty is tax policy, which certainly matters, but so does labor policy. So does housing prices. So does weather. So does wages. So does the quantity and quality of government services. So does roads, transit, and airports. A weakness in one area can be made up by a strength in the other. Something that was once a strength but is no longer can continue to play a role because not everyone reacts quickly to changing circumstances. Similarly, a weakness turned into a strength can have different time horizons for effectiveness: a major education reform might take a generation to have its effects felt, while changes to business policies can have more immediate effects. I'd like to start by reviewing three reports my organization puts out, ranking the states on tax policy. I'll also then highlight several reports by other organizations that look at other competitiveness factors. I can't speak to the methodology or veracity of these other studies, other than to say I hear them come up over and over as I testify in state capitols across the country. Unfortunately, the vast majority of these reports do not include the District of Columbia. I'm not sure what steps are appropriate to appeal this omission, although many of the organizations that produce them have offices in the District.

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