{"id":24588,"date":"2014-12-19T17:46:30","date_gmt":"2014-12-19T22:46:30","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=24588"},"modified":"2014-12-19T17:46:31","modified_gmt":"2014-12-19T22:46:31","slug":"an-obvious-example-of-economic-growth","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=24588","title":{"rendered":"An Obvious Example Of Economic Growth"},"content":{"rendered":"

The Washington Examine<\/a>r posted an article today about job growth in Texas<\/a> since the recession began in December 2007.<\/p>\n

These two charts tell the story:<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

So what is the secret? The article reports:<\/p>\n

For starters, Texas does not collect an individual income tax<\/a> or a corporate income tax. It does collect a gross receipts tax<\/a>. Still, the Tax Foundation<\/a>\u2019s 2015 State Business Tax Climate Index<\/a> says Texas has the tenth best business tax climate in the U.S.<\/strong><\/p>\n

Texas has one of the highest sales taxes<\/a> in the nation to make up for lost income tax revenue. The combined state and average local sales tax rate of 8.15 percent is 11th highest in the nation. However, sales taxes are more efficient than income taxes, since they don\u2019t punish work.<\/strong><\/p>\n

Texas is also a right-to-work state<\/a>, which studies have shown<\/a> is better for the economy. Texas is the freest labor market<\/a> in the country, according to the Mercatus Center<\/a>. Their labor market freedom rankings include right-to-work status, in addition to minimum wage laws and workers compensation regulations, among other factors.<\/strong><\/p>\n

It seems to me that Congress and the Obama Administration could learn a lot about economics from Texas. Hopefully the new Republican Congress will copy some of the things that have worked in Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Washington Examiner posted an article today about job growth in Texas since the recession began in December 2007. These two charts tell the story: So what is the secret? The article reports: For starters, Texas does not collect an … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1659,8536,7506,4489,8537],"class_list":["post-24588","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bureau-of-labor-statistics","tag-gross-receipts-tax","tag-job-growth","tag-sales-tax","tag-texas-job-growth"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/24588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24588"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/24588\/revisions"}],"predecessor-version":[{"id":24592,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/24588\/revisions\/24592"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}