Business creation isn’t easy. It must be nurtured. The same is true after it becomes a viable concern. Businesses go to where they have an edge so they can offer customers lower prices among other things. High taxes and legal fees are the bread and butter for “no mas” business states likes New York. In contrast Texas is open for business. Texas Governor Rick Perry, as The Wall Street Journal reports, gets it:
“‘New’ New York sounds a lot like old New York. Higher taxes, stifling regulations, bureaucrats telling you whether or not you can even drink a Big Gulp,” the Texan says in a radio ad, part of a million-dollar media buy in the region.
In meetings with companies from a range of industries, including financial firms in New York City and gun manufacturers in Connecticut, Mr. Perry highlights the main virtues of Texan capitalism: no state income tax, minimal regulation and a lack of “frivolous litigation.”
Mr. Perry is also trying to make a larger political point. “I’m really intrigued with having a national conversation, hopefully a very civil discourse, about red state versus blue state policies,” he told New York’s WCBS. According to an analysis by the American Legislative Exchange Council, of the 10 states that had the best economic performance over the past decade, all but two—Nevada and Washington—are red states.
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