Table 1 - Sales Tax Cut vs Homestead Exemption Increase - Differences
ECONOMIC RESULTS
Category Units 2016 2017 2018 2019 2020
Total Employment Thousands (Jobs) 35.33 41.68 44.12 43.93 42.35
% change 0.21% 0.25% 0.25% 0.25% 0.24%
Private Non-Farm Employment Thousands (Jobs) 31.40 37.13 39.28 39.01 37.48
% change 0.22% 0.25% 0.26% 0.26% 0.24%
Total Government Employment Thousands (Jobs) 3.93 4.55 4.84 4.92 4.87
% change 0.19% 0.22% 0.23% 0.24% 0.23%
Gross Domestic Product Billions of Fixed (2009) $ 4.22 4.85 5.16 5.25 5.20
% change 0.26% 0.29% 0.30% 0.29% 0.28%
Personal Income Billions of Current $ 1.76 2.45 2.89 3.14 3.26
% change 0.13% 0.17% 0.19% 0.19% 0.19%
Disposable Personal Income Billions of Current $ 1.53 2.12 2.51 2.73 2.84
% change 0.13% 0.16% 0.18% 0.19% 0.19%
PCE-Price Index 2009=100 (Nation) (0.25) (0.22) (0.21) (0.20) (0.19)
% change -0.24% -0.21% -0.19% -0.18% -0.17%
Personal Consumption Expenditures Billions of Fixed (2009) $ 4.14 4.36 4.48 4.50 4.47
% change 0.45% 0.45% 0.45% 0.44% 0.43%
Population Thousands 17.6 33.2 46.9 58.7 68.5
% change 0.06% 0.12% 0.16% 0.20% 0.23%
Table 2 - Sales Tax Cut vs Franchise Tax Cut - Differences
ECONOMIC RESULTS
Category Units 2016 2017 2018 2019 2020
Total Employment Thousands (Jobs) 14.88 11.85 8.52 5.26 2.42
% change 0.09% 0.07% 0.05% 0.03% 0.01%
Private Non-Farm Employment Thousands (Jobs) 13.94 11.13 8.04 5.01 2.39
% change 0.10% 0.08% 0.05% 0.03% 0.02%
Total Government Employment Thousands (Jobs) 0.93 0.72 0.48 0.24 0.03
% change 0.05% 0.04% 0.02% 0.01% 0.00%
Gross Domestic Product Billions of Fixed (2009) $ 0.73 0.44 0.13 (0.18) (0.46)
% change 0.04% 0.03% 0.01% -0.01% -0.02%
Personal Income Billions of Current $ 0.64 0.57 0.43 0.24 0.03
% change 0.05% 0.04% 0.03% 0.01% 0.00%
Disposable Personal Income Billions of Current $ 0.55 0.50 0.38 0.22 0.05
% change 0.05% 0.04% 0.03% 0.02% 0.00%
PCE-Price Index 2009=100 (Nation) (0.09) (0.09) (0.08) (0.08) (0.08)
% change -0.09% -0.08% -0.08% -0.07% -0.07%
Personal Consumption Expenditures Billions of Fixed (2009) $ 1.21 1.08 0.95 0.82 0.70
% change 0.13% 0.11% 0.10% 0.08% 0.07%
Population Thousands 7.9 13.7 18.1 21.3 23.4
% change 0.03% 0.05% 0.06% 0.07% 0.08%
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