Taxation: Governor Rick Perry took a lot of ridicule for his efforts to lure California’s tax-strangled businesses to his home state of Texas. If that’s so ridiculous, how come it’s his leftist critics showing all the hysteria?
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.”