“Homeowners should not be saddled with rising property taxes in the face of a pandemic,” he said in a letter to members of the Texas Democratic Congressional Delegation in mid-2020.
Abbott stressed that “increasing taxes on the people of Texas is never the answer” and called on the rest of the country’s governors to follow the same line.
Companies pay taxes at the federal level, but not corporate taxes, while workers are not required to pay income tax.
In addition, the president determined, in order to add more magnetism, an important variety of subsidies for those that contemplate the incorporation of many workers in their investment plans.
This scenario caused Elon MuskCEO of Tesla and new majority shareholder of Twitter, will observe with greater emphasis the state in the south of the country and decide to open the “Gigafactory” there this Thursday, a factory that will employ more than 15,000 people.
Tesla left Palo Alto, in the Californian region of Silicon Valley, the headquarters of many iconic companies in the United States, something that, according to market analysts, could end shortly because there are already other interests on Texas soil.
“Texas is the new California, and California is the new Rust Belt (a region in decline), losing businesses and people to states that offer more opportunities, as well as a better and cheaper life,” explained in an article published in August 2021 Lee Ohanian and Joseph Vranich, experts at the Hoover Institution, a California Stanford think tank.
For specialists, the path to the south is becoming inevitable since, according to Concordia University in Austin, just last year 25 companies of the Fortune 500 had their headquarters in Texas, including Oracle and Hewlett Packard Enterprise, in 2020.
While the AFP agency stated that Boeing began to evaluate moving its plants from Seattle, Washington, to Texas.
Source: Ambito
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