Wednesday, February 20, 2013

Lefties Hate it, but Texas Proves Its Low-Tax Model Is A Success

"Perry's state is an undisputed economic success story and has been a magnet for businesses from all over the U.S. for several years now.

With no income tax, a legislature that balances its budget and a bureaucracy that seems conditioned to ask businesses "How can I help you?", Texas' biggest problem these days is finding enough office space to accommodate all the newcomers.

For that reason, it was grimly fascinating to see Perry visit California — which has just got done hiking taxes from 10.3% to 13.3% on top earners — attracting interest from more than 200 firms, which seem to be raring for what a Forbes columnist called a "reverse gold rush."
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