A recent state-by-state comparison study by the Texas Public Policy Foundation found that Texas had a state tax burden of 8.4%, compared to a U.S. average of 9.7%. And the Texas gross state product grew 94.5% over 10 years, vs. 66.3% for the rest of the country.
Texas far outpaces other states in job creation. Michael Cox and Richard Alm, director and writer-in-residence, respectively, at Southern Methodist University’s William J. O’Neil Center for Global Markets and Freedom write: “From January 2000 to June 2010 [Perry’s tenure], Texas had a net increase of nearly 1.1 million jobs—more than any other state by far. In fact, Texas’ outsized gains eclipsed the total of the next five job-creating states: Florida, Arizona, Virginia, Utah and Washington.”
More importantly, the Bureau of Labor Statistics reported that Texas created 129,000 new jobs in 2009—a recession year. That was more than half of all the jobs created in the country.
The Brookings Institution published a study earlier this year looking at job growth in major cities. Texas had five of the top 10 cities, with Austin leading the country in job growth.
See why Obama is concerned about a Perry bid? Would you want to stand before the public in a presidential debate and defend Obama’s record compared with Perry’s?