Home Economy Alabama’s economic recovery won’t survive new tax hikes

Alabama’s economic recovery won’t survive new tax hikes

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After a year of disruption and uncertainty, Alabama’s economy is poised for a comeback.

The Yellowhammer State ranks eighth in the nation on measures of economic momentum, according to a new study. And the latest Business Confidence Index from the University of Alabama finds that state business leaders are considerably more optimistic than they were even a few months ago.

Their optimism is justified. In Washington, a group of Republican and Democratic senators just brokered an agreement with President Biden on a massive infrastructure package. The proposal, which the Senate could pass this week, would direct nearly $600 billion in new funding for everything from expanding rural broadband to repairing municipal water systems. And importantly, this package won’t increase taxes on companies here in Alabama and across the nation.

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