[Congressional Record (Bound Edition), Volume 152 (2006), Part 2]
[House]
[Page 2489]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       STATE TAX COMPETITIVENESS

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. Mr. Speaker, this week the Tax Foundation, an 
educational foundation for taxpayers since 1937, released its much 
anticipated third edition of their State business tax climate index. It 
ranks the 50 States on how business friendly their tax systems are.
  The study finds the most business-friendly tax systems in Wyoming, 
South Dakota, Alaska, Florida, Nevada, New Hampshire and Texas. The 
least business-friendly tax codes were found in New York, New Jersey, 
Rhode Island, Vermont and Maine.
  Low-tax States are where the job growth is. Governors and businesses 
and residents want jobs to flow to their States. Low taxes will do 
that. So low taxes in America will also keep jobs here.
  So, Mr. Speaker, there is a cautionary tale from this report, 
reminding us that we are truly competing in a global economy, and we 
cannot ignore the fact that low taxes indeed create new jobs.

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