These 3 Conservative Policies Have Allowed Indiana’s Economy to Flourish

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Heritage Foundation:

Last month, America’s economy added just 38,000 jobs, the weakest growth in five years.

 

We should expect more than the lackluster 2 percent growth we’ve grown accustomed to under President Barack Obama. Luckily, there is already a successful working model in my home state of Indiana to accomplish this.

 

The recession hit Indiana harder than most states. While then-Gov. Mitch Daniels’ prudent fiscal policies helped the state absorb much of the impact, the recession and its aftermath took its toll. For example, unemployment peaked at 10.9 percent at the beginning of 2010.

 

However, today, Indiana’s economy is quite different. Employers are investing in the state and in our workers. More Hoosiers are working than ever before, and over 150,000 jobs have been added in the last four years alone. The Tax Foundation now rates the state’s business climate in the nation’s top 10.

 

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What caused Indiana’s transformation? Daniels, and later, Gov. Mike Pence, a Republican, saw the consequences of overregulating, overtaxing, and overspending. They did not like the direction the state was headed and set about to reverse course.

 

Here are three policies that are working in Indiana:

 

1. Reduce Bureaucratic Red Tape