http://economistsview.typepad.com/economistsview/2016/01/there-is-no-reason-to-believe-that-tax-cuts-are-an-elixir-for-economic-growth.html

"The states have no good reasons to believe that tax cuts will bring the desired manna. Yet some continue to erode their tax bases in the name of business growth in an era in which few states can afford to cut critical services (that businesses care about) ranging from education to infrastructure repair. Some ideas live on and on, no matter how much evidence accumulates against them. States that accept them as gospel anyway do so at their peril."