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Florida Basks in a Texas-Style Resurgence
In case you missed it in last weekend’s Wall Street Journal, Florida is now “the showcase of America’s red-state prosperity.” Hit especially hard by the collapse of real estate values in the last recession, the state…
(C)ut a variety of taxes, including those on businesses and property, no small feat in a state without an income tax. [The state government] also slashed 3,000 regulations and shrunk state payrolls by 11,000.
The WSJ article is entitled “Florida Basks in a Texas-Style Resurgence” and those of us fortunate enough to live in the growth corridors of the high-tech South easily recognize the reasons: growth-oriented tax policies, lower public sector debt burdens, stronger job creation, excellent climate for entrepreneurs, and a superior overall business climate. (The actual climate happens to be conducive to a great quality of life as well.)