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Texas is talks a new report showing only fourteen American cities have more jobs now than before the recession it bought -- walks.
-- for all in the lone star state will be Texas a state without -- -- to Dan Mitchell who says -- no commitment and who incidence.
The more jobs ago at a low tax Texas and other high end tax places is that all there is -- it is that tax preference move for job is that it.
Well there's more than taxes of course for business location decisions there is whether your are right to work state I suppose climate transportation.
But there's tons of evidence from academics over the years showing that there is a tendency for jobs to move from high tax states.
To low tax states in Texas is being very Smart.
By not having an income tax now this fourteen cities which have more hiring now than before the recession hit six of them are in Texas the other eight.
All day in what I would cola states -- -- business friendly -- which are exploiting local energy resources that kind of thing.
I suppose you might want to -- Say it's random to be perfectly honest because I'm not sure that I can detect a pattern -- there but the most the thing that really jumps out at me from this data.
We are almost four years after the recession and it and there are still what 86.
Cities that have fewer jobs than when the recession started back to me is the real news here that's an indictment on the economic policy we've had for the last four years are you saying that if president -- had a -- from policy.
-- taxes for example animal business friendly approach we would have more jobs in America.
If you look at the Minneapolis Federal Reserve web -- they have a great interactive feature that enables you to click on every business.
Is the cycles since world war -- And see what job performance as -- One.
One business cycle stands up for being by -- the worst performance on jobs and it's banned under this administration.
Now I admit.
He inherited a less than robust economy and bush certainly contributed his share spending and regulation to -- the economy.
But Obama has doubled down on those policies so yes I think he deserves a lot of blame you know -- a big contest between Texas and California.
High -- California alone tax Texas Texas has an unemployment rate of 18%.
And is well above nine in California is that now that 6% in Texas well above.
Six point four in Texas way about banning California.
It looks to me like Texas is winning this contest boss.
In today's New York Times Paul Krugman says California is on the way back it's coming back when he said of that.
This reminds me of what that that national championship game between Notre Dame and Alabama or Alabama one -- of -- -- 28 or 35 and I think.
There's no contest California.
Is taxing itself out of competitive -- And what's really amazing is California it does have a lot of advantages in terms up -- ports in terms of climate I.
And yet there for ordering that a -- big as they have really doubled down on the class warfare.
Mentality they're being strangled by government employment and -- pensions from the state local workers.
I'm really scared about what's gonna happen to California over the next ten or fifteen years all right Dan Mitchell -- Cato Institute thanks so much for joining us appreciate it.
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