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-- -- vs Texas theme of late especially with President Obama go to Texas tomorrow to tout job creation.
Even a former California assemblyman -- of law is comparing the two states he says.
If California eliminated it stating impact just got rid of it.
It's taxes would still be high than tax.
It's that the law is now -- the Texas public policy foundation and he joins us now to welcome the program.
I can't believe this.
If -- if California got rid of entirely.
Its income tax state income tax.
They'd still be more heavily taxed than Texas explain that -- -- Well it was amazing to me but to -- one of the themes that I've been hearing recently after -- moved from California to Texas is that well.
Texas can afford to tax less because they've got all that oil and gas and and that's really what pays for government.
Well I look into the numbers and oil and gas severance revenues severance taxes.
-- a little less than 4%.
Of Texas State -- local government.
Now of course California has a lot of oil to over fifteen billion barrels in the moderate shale formation that's something like two thirds of America's.
Proven oil shale reserves is just that they don't let it come out of the ground and if they did they'd want -- tax -- more so you know I looked into it and I found out that.
California taxes about 42%.
More of the share of state income.
Then does taxes and so California completely eliminated -- state income tax with the highest tax bracket in America.
It would still take about 4% more of its people's income.
That is the case in Texas so you moved to Texas.
Remember you you -- -- -- show and told us about I take it that you like hits you settled -- OK am.
Texas is the land of liberty and freedom and that is why so many people -- voting with their feet and moving to Texas.
You know the president is going to be here in Austin tomorrow yeah and one of the things that I've looked -- just yesterday is that since he has become president.
Texas compared to California as a proportion of the population in each state.
Has produced more than ten times the amount of jobs as has California.
Will spend time.
Why is the president going to Texas okay Austin is something something of a liberal bastion in the in the -- stone attacks I understand that.
But why is it going to taxes the land of free enterprise limited individual freedom.
And he's going to push that message of government it must be -- government is the agent of change government is the one that will give us more jobs.
Why is he doing this.
Well I I think because the press is obligated to cover what he says and what he wants to do is create these centrally planned industrial -- he wants to raise the national minimum wage to nine dollars an hour.
He wants to spend more money.
And the thing that's important to understand is you have two models the two biggest states were 15 of Americans live.
Very similar in size very similar demographics.
Very different in their governance California takes 42% more of its income of the people -- is the case in Texas.
And if you look at big new US Census Bureau figures for poverty in America.
These figures take into account the cost of living and the value of social welfare programs what you'll see -- the California.
Also has 42%.
More of its people in poverty.
Then does Texas so it isn't working the Obama model is the California way.
The Texas model is the free market way it is not what the president is advocating time -- of all happy in Texas thank you very much for joining us appreciate it thank you.
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