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Rick Perry on Corporations

Republican Governor (TX)

 


Lowering corporate tax rate 10% increase wages by 10%

Perry argued that lowering the corporate tax rate would without any question boost wages: "I mean, any accountant worth their salt will tell you that when you lower that corporate tax rate by 10% you're going to see a raising of 5% or 10% of wages. Every blue-collar worker in America ought to be standing up and saying 'I'm votin' for the Republicans because they're going to raise my wages.' Every one of 'em. You couple those two things together, the driving down of electricity costs because we're using North American energy--and frankly I'd a whole lot rather count on the Canadians and the Mexicans than the Venezuelans or some mullah from some Middle Eastern country for our energy. Think about that, North American energy lowering the cost of electricity in this country!"
Source: Bloomberg News 2015 coverage:Faith & Freedom D.C. conference , Jun 22, 2015

Capitalism creates jobs; vulture capitalism kills jobs

Q: [to Perry]: You have called what Mitt Romney did at Bain vulture capitalism. But you've also said regulations in America are killing America. So what specific regulations would you put in place to curb vulture capitalism?

PERRY: Having been the governor of the state that created over a million net new jobs, we are all about capitalism. But I visited Georgetown SC. It was one of those towns where there was a steel mill that Bain swept in, they picked that company over and a lot of people lost jobs there.

ROMNEY: Gov. Perry makes a very good point about Georgetown. It was a steel mill and my firm invested in that steel mill and another one in Kansas City, tried to make them successful, for 7 or 8 years. And ultimately what happened from abroad, when China cheats, dumping steel into this country lead to some 40 different steel mills being closed. And that was one of those.

Source: Fox News debate on MLK Day in Myrtle Beach, SC , Jan 16, 2012

Reduce business' tax burden & regulatory climate

Q: How would you help incent small businesses to hire new employees and to confidently grow our business in this troublesome economic environment?

PERRY: What we have done in the state of Texas over the course of the last decade is to lower that tax burden on the small businessmen and women, have a regulatory climate that is fair and predictable, and sweeping tort reform that we passed in 2003 that told personal injury trial lawyers, don't come to Texas, because you are not going to be suing our doctors frivolously.

That's the way you get the government off of the back of small businessmen and women. And that's the way you free up those small business entrepreneurs, where they know that they can risk their capital and have a chance to have a return on investment.

If it will work in the state of Texas, it will work in Washington, D.C. And that's exactly what I'm going bring to Washington when I go there in January of 2013.

Source: 2011 GOP Google debate in Orlando FL , Sep 22, 2011

Free up small businessmen and -women to risk capital

Q: The president in his new plan has a lot of tax cuts, tax credits for hiring veterans & long-term unemployed people. Are those things you would support?

PERRY: And he's going to pay for them all with raising your taxes. That is the issue. He had $800 billion worth of stimulus in the first round of stimulus. It created zero jobs. This president does not understand how to free up the small businessmen and women or, for that matter, Wall Street. You give people the opportunity to risk their capital by lowering the tax burden on them, by lowering the regulatory climate, and you will see an American economy that takes off like a rocket ship. And that's what we need to be focusing on in this country, freeing up the small businessmen and women to do what they know how to do, which is risk their capital and give them half a chance to have an opportunity to have a return on that investment, and they will go risk their capital. Quit the spending. Give clear regulatory relief and reform the tax code.

Source: 2011 GOP Tea Party debate in Tampa FL , Sep 12, 2011

Texas is the land of freedom from over-regulation

PAUL: I'm a taxpayer in Texas. My taxes have gone up. Our taxes have doubled since he's been in office. Our spending has gone up double. Our debt has gone up nearly triple. [Perry claimed job growth due to tax cuts] but how do you pay for a tax cut? I think that's the wrong principle, because when you give people their money back, it's their money.

PERRY: While I've been governor, we have cut taxes by $14 billion, 65 different pieces of legislation. You may not have seen them, Representative Paul, but the fact of the matter is, there are people coming to Texas for five years in a row, the number one destination. They're not coming because we're overtaxing them. They're coming to Texas because they know there's still a land of freedom in America, freedom from over-taxation, freedom from over-litigation and freedom from over-regulation, and it's called Texas. We need to do the same thing for America.

Source: 2011 GOP Tea Party debate in Tampa FL , Sep 12, 2011

OpEd: Says don't pick winners & losers; but doles out $250M

Governors and politicians who constantly proclaim that "government should not pick winners and losers" are doing precisely that, and for good reason: Virtually every state is locked in head-to-head battle with other states for business sitting decisions. To survive such competition, state governments are forced to practice economic policy, whether they choose to admit it or not.

In Texas, in addition to the usual targeted tax incentives, Governor Rick Perry has doled out over $250 million to emerging businesses in 5 specific industry clusters.

Source: A Governor's Story, by Jennifer Granholm, p.242 , Oct 1, 2005

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Page last updated: Dec 09, 2016