Small Business Finance News

Texas Governor Perry Pledges To Support Small Businesses, Keep Taxes Low

Written by Jenna Weiner
Published: 2/16/2011

Texas Governor Rick Perry continues to promise to keep taxes low for small businesses, despite a budget shortfall reaching up to $27 billion.

Among states, Texas has been widely recognized in small business finance news for having a limited regulatory environment and tax structure, and Governor Rick Perry wants to keep it that way.

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At a visit to Ols Maintenance Supply in Houston, Perry emphasized that the state government should act as any family or small business does during tough times - by prioritizing what's important and cutting spending, the Gov Monitor reported.

Perry also added that he would continue his work to balance the state budget, while keeping essential programs.

"The real drivers of job creation in Texas are our small business owners, the bold entrepreneurs who risk their future pursuing the dream of owning their own business," Perry said. "This session, we must take the necessary steps to preserve the competitive economic climate ... by keeping taxes low and making the small business tax cut passed last session permanent."

However, these promises could be tested, as the state faces a $25 billion shortfall on a two-year $95 billion budget that, Joe Weisenthal and Gus Lubin said in Business Insider said, doesn't have "much fat to cut."

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