COMMENT—Tax reform needn't dim US economic bright spot

Margo Thorning American Council for Capital Formation Washington, DC While most US states remain stuck in economic doldrums, signs of rebound are on the rise across the Midwest and Great Plains states. A recent Wall Street Journal report looked at Commerce Department data and found that energy-producing states including Texas, Oklahoma, Montana, Wyoming, North and South Dakota, and Nebraska are seeing impressive income and job growth gains mostly attributed to the growing demands for their rich commodities, including oil and gas. The boom in energy, including low natural gas prices, also has benefited other industries including steel, chemical, and plastics manufacturers as plants are bei...

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