Tax Cuts Keep Florida Working

Americans are moving to the sunshine state. Rep. Mike Hill (FL) attend the 2015 American Legislative Exchange Council Conference in San Diego and talked to Travis Brown about how Florida recently surpasses New York as 3rd most populous state in the union.

With 19.9 million residents, Florida ranks behind two other warm-weather states: California, population 38.8 million; and Texas, 27 million.

“What it reflects is a very important milestone and shows really a long-term trend, both in Florida and in other Southern and Western states,” said Stanley Smith, a demographer with the Bureau of Economic and Business Research at the University of Florida.

The Sunshine State adds on average 803 residents daily, while the state’s lack of personal income tax -and snow – appeal to retirees, young adults moving there for jobs, Smith said, lead its recent growth.

Among U.S. states no place is responsible for more Floridian transplants than New York. Its upstate regions have struggled to generate job opportunities, and in turn the sunshine state has benefitted. In the book How Money Walks, Brown uses IRS data from 1992-2012 to show that Florida gained $19.73 billion in annual AGI from New Yorkers moving south.

Rep. Hill knows that Florida’s tax cuts and balanced budget must be maintained to keep Florida competitive. Thanks to his work this past legislative session along side the leadership of Governor Rick Scott and Lieutenant Governor Carlos Lopez-Cantera, Florida is a shining example for the rest of the country to follow.