Click here to view original web page at justthenews.com
Alaska is more dependent on the federal government than any other state in the U.S., according to a new report .
Personal finance website WalletHub ranked states based on how economically dependent they are on the federal government by comparing three key metrics: return on taxes paid to the federal government, federal funding as a share of state revenue and share of federal jobs.
Based on these criteria, Alaska landed at the top of the list for federal dependency.
“However, the oxymoron in this situation is that states with a higher level of federal dependence are likely better positioned to handle the coronavirus pandemic, given that a lot of relief has come from the federal government,” according to the report.
The report found red states are overall more dependent on federal funding than blue states. It also indicated the least wealthy states usually get the most federal funding, pointing out a correlation between taxes collected and federal dependency. In general, lower taxes meant higher dependency.
For example, the sixth-most independent state in the report, Illinois, has the highest tax rates in the nation. Alaska has the lowest tax rates.
Alaska was among the states that received the highest amount of federal grants. It also was one of the states with the highest gross domestic product.
The states most dependent on federal funding, according to the report, were Mississippi, Kentucky, West Virginia and Montana. The least dependent states were Washington, Utah, Kansas, New Jersey and Delaware.
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker