Each year, I author the “Small Business Policy Index” for the Small Business & Entrepreneurship Council. The index ranks the states according to assorted policy and policy-related indicators, including taxes, regulations, government spending and debt, as well as a few measures of governmental performance. But make no mistake, the big governmental burdens for entrepreneurs and businesses are taxes and regulations, and of the Index’s 55 measures, 27 are about taxes and 20 about rules and regulations.
The California nightmare becomes clear when seeing that the Golden State came in dead last on the 2018 edition of the Index. As much as number 49 New Jersey has worked hard to inflict harm on the entrepreneurial sector, the Garden State was a rather distant second worst among the 50 states.
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