Prosperity Measures For Red Versus Blue States

Republican presidential candidate Donald Trump is pledging to cut taxes and regulation as a way to boost the nation's economy.

"When we reform our tax, trade, energy and regulatory policies, we will open a new chapter in American prosperity, which is so desperately needed. We need a new chapter," Trump said in Detroit, which he called "a living, breathing example of my opponent's failed economic policies."

According to new research, we can already see what effect taxes and regulations have on prosperity, by looking at key states' policies.

Jacob Hacker, political science professor and director of the Institute for Social and Policy Studies at Yale University, which tweets @ISPSYale. Co-author of the book "American Amnesia: How the War on Government Led Us to Forget What Made America Prosper."