New Hampshire
Residents of New Hampshire don’t have to pay any income or general state sales tax. While this can help their budgets, it is not helpful for the Granite State’s reserves, which have to be build from multiple sources.
New Hampshire’s economy relies on the corporate income tax, which makes up a third of the overall state’s revenue; taxes on restaurant meals, rooms, car rentals and telecom services account for a quarter while the tobacco tax makes up for another 10 percent. It will be difficult to get through the recession with only the revenue from these sources.
Kansas
Compared to other states, Kansas will take a harder hit by the economic crisis because over a quarter of its economy is heavily reliant on manufacturing, namely aviation, one of the pandemic’s most affected sectors. Known as the Air Capital of the World, there are five major aircraft manufacturers in the Sunflower State: Airbus, Bombardier/LearJet, Beechcraft, Cessna and Spirit. Many of their activities have been suspended during the coronavirus pandemic.
