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Texas has no income tax. Californians can pay about 10% in income tax. Any wonder productive, money making people prefer to live in Texas.
California has AB 32--Texas is not dumb.
"But what’s really big in Texas nowadays is economic recovery, especially compared to California. The Bureau of Labor Statistics reports that more than half of the net new jobs created in the United States over the past 12 months originated here in Texas: 119,000 out of 214,000. Amazingly, during those same twelve months, California shed 112,000 net jobs—almost the same number that Texas created.
While Californians have been afflicted by a 12.4% unemployment rate—nearly three points above the national average—Texans enjoy an 8.1% rate, a point and a half below the U.S. as a whole.
So how has the Lone Star State done it? Simple: lower taxes, less spending, and a friendly business climate."
Too bad Arnold is reading the Democrat movie script instead of the Texas movie script.
To paraphrase Arnold, "Arnold you are losing at the box office"
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California has AB 32--Texas is not dumb.
"But what’s really big in Texas nowadays is economic recovery, especially compared to California. The Bureau of Labor Statistics reports that more than half of the net new jobs created in the United States over the past 12 months originated here in Texas: 119,000 out of 214,000. Amazingly, during those same twelve months, California shed 112,000 net jobs—almost the same number that Texas created.
While Californians have been afflicted by a 12.4% unemployment rate—nearly three points above the national average—Texans enjoy an 8.1% rate, a point and a half below the U.S. as a whole.
So how has the Lone Star State done it? Simple: lower taxes, less spending, and a friendly business climate."
Too bad Arnold is reading the Democrat movie script instead of the Texas movie script.
To paraphrase Arnold, "Arnold you are losing at the box office"
More...