Texas Gov. Rick Perry tells Newsmax that he attributes the “Texas Miracle” — the Lone Star State’s relatively robust economy during the economic downturn — to a “light” tax burden and a favorable regulatory climate.
The 2012 Republican presidential candidate also says he is turning down federal money for Medicaid expansion in Texas because he doesn’t “trust” the federal government and is certain the states will be left holding the bill.
Perry took office in 2000 and is the longest-serving governor in Texas history. He sat down with Newsmax TV for an exclusive interview at the International Economic Forum of the Americas in West Palm Beach, Fla., on Monday.
Discussing the so-called Texas Miracle, Perry states: “We’ve been up and down. You can’t be the number one exporting state in the nation as we are for the last 11 years and not be impacted by a global economy. From the end of 2008 through 2010 was a very difficult period of time for Texas. We just didn’t have as difficult a time as other economies.
“The men and women in Texas know something now after a decade-plus of our governorship and our policies being implemented by a Republican House, Senate, lieutenant governor and speaker. We’ve kept our tax burden as light as we could and still delivered the services that the people of Texas desire, and we have a regulatory climate that is fair and predictable.I cannot tell you how important is predictability and stability in the regulatory climate.
“And then we passed some of the most sweeping tort reform in the nation in 2003.
More @ Newsmax
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