Governor Rick Perry speaking at Berings a family-owned business in Houston today formally rejected the unemployment insurance portion of the federal stimulus money (American Recovery and Reinvestment Act).
Texans who hire Texans drive our states economic engine. During these tough times Texas employers are working harder than ever to move products to market make payroll and create jobs. The last thing they need is government burdening them with higher taxes and expanded obligations" said Perry.
The calls to take the money now and deal with the consequences later are deeply troubling and quite frankly irresponsible he continued. State Democrats recently held a press conference urging Perry to take the money regardless of the consequences.
Over the last few weeks a swell of grassroots support has risen against the stimulus money. Many protestors participated in mini tea parties and a national Tea Party against spending and high taxes is scheduled for April 15 tax day (www.taxdayteaparty.com).
State economists along with various watchdog groups view the stimulus money cautiously specifically the unemployment insurance portion. The stipulations included in the unemployment insurance stimulus dollars would alter the definition of unemployment thereby increasing employer tax burden. Speculatively companies would then be forced to limit hiring and raise prices which hurts both short-term growth during these economic times but also long-term growth as well.
Perry joins Governor Mark Sanford (R-South Carolina) as only the second Governor to formally reject stimulus funding though public statements have been made by Governor Bobby Jindal (R-Louisiana) and others.
Governor Rick Perry speaking at Berings a family-owned business in Houston today formally rejected the unemployment insurance portion of the federal stimulus money (American Recovery and Reinvestment Act).
Texans who hire Texans drive our states economic engine. During these tough times Texas employers are working harder than ever to move products to market make payroll and create jobs. The last thing they need is government burdening them with higher taxes and expanded obligations" said Perry.
The calls to take the money now and deal with the consequences later are deeply troubling and quite frankly irresponsible he continued. State Democrats recently held a press conference urging Perry to take the money regardless of the consequences.
Over the last few weeks a swell of grassroots support has risen against the stimulus money. Many protestors participated in mini tea parties and a national Tea Party against spending and high taxes is scheduled for April 15 tax day (www.taxdayteaparty.com).
State economists along with various watchdog groups view the stimulus money cautiously specifically the unemployment insurance portion. The stipulations included in the unemployment insurance stimulus dollars would alter the definition of unemployment thereby increasing employer tax burden. Speculatively companies would then be forced to limit hiring and raise prices which hurts both short-term growth during these economic times but also long-term growth as well.
Perry joins Governor Mark Sanford (R-South Carolina) as only the second Governor to formally reject stimulus funding though public statements have been made by Governor Bobby Jindal (R-Louisiana) and others.
