On CNNs Your Money: Over the last ten years Ive cut taxes over 51 times -- and expect a 52nd and a 53rd this year.
Texas Insider Report: AUSTIN Texas -- Last week Lt. Governor David Dewhurst interviewed with CNNs Chief Business Correspondent and host of
Your Money Ali Velshi to discuss the Texas Miracle. Below is the excerpt from their discussion that was broadcast this weekend:
Ali Velshi: I spoke with the Lieutenant Governor of Texas David Dewhurst in the state Capitol in Austin. Now hes probably the most powerful man in Texas and likely the most powerful Lieutenant Governor in the country because he writes the legislation controls the budget and hes the head of the Texas Senate. Texas has been trying to lure companies away from California and other states with the promise of lower taxes and lighter regulation -- something people are calling the Texas Miracle.
Lieutenant Governor Dewhurst: Were 48th out of 50 states in per capita state spending. Weve kept our taxes low. Were 47th out of 50 states in per capita state taxes. Over the last ten years Ive cut taxes over 51 times -- and expect a 52nd and a 53rd this year. And weve worked real hard to have the lightest regulatory hand we possibly could. So when businesses look at Texas we want to make it irresistible -- irresistible -- to come into Texas invest create new jobs which creates new sales tax revenue for the state so we can make yet further cuts in our taxes.
