Texas has a part-time legislature that meets once every two years for a total of 140 days. The Lone Star State has balanced budget, a $9 billion rainy day fund, and last year created more jobs than all the other 49 states combined. Oh, and no state income tax.
The Texas Economic Model, as explained by Gov. Perry:
- Keep your taxes low
- Have a legal system that doesn't allow over-suing
- Keep your regulatory system fair and predictable
- Keep and cultivate a skilled workforce
and once you do those things, get out of the way and let the private sector do what the private sector does best -- create jobs and wealth.
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