[lonestar]

That's why Texas is doing better than most of the country.

What are you paying for gasoline?

[Cincinatus' Wife]

December 27, 2010: EPA, Texas go to war over carbon-emission rules "And so it begins, and on the most fertile red-state territory in the nation. Texas, which got four more seats in the House through the 2010 Census reapportionment, has had its air-quality rules superceded by the EPA as part of its aggressive new action on carbon emissions. Governor Rick Perry promises a fight:............."

Sept 12, 2011: Luminant sues EPA, says it will shut two coal units, cut 500 jobs …”At the Big Brown power plant in Freestone County, Units 1 and 2 will switch over to Powder River Basin coal and the nearby lignite mines will close.

The moves will lead to about 500 job cuts, the company said.

“While Luminant is making preparations to meet the rule’s compliance deadline, this morning it also filed a legal challenge in an effort to protect facilities and employees, and to minimize the harm this rule will cause to electric reliability in Texas,” the company said in a statement.

The company is asking an appeals court for a stay implementing the Cross-State rule, saying it is illegal because the EPA didn’t include Texas in the draft rules released in 2010. The final rules released in June 2011 included a heavy emissions reduction burden for Texas.

Sept 12, 2011From Treehugger - A Discovery Company “………..For a flavor of what's to come we have only to look to Texas Governor Rick Perry, who seems to channel the vibe pretty well and gets only the rare local challenge….. Instead of dealing with the realities of climate change--regardless of whether you or they think it is caused by human activities--Texas politicians will keep playing the lynch mob role toward EPA, at least until the next Presidential election is over. It works as a political strategy - for now…..”

On another front - "permitting licenses" REGULATIONS Tree Hugger links to: this to support their position (of holding business hostage): ".........In summer 2010, the EPA’s regional administrator in Dallas, Obama appointee Al Armendariz, rejected Texas’ flexible-permit program, saying the state’s way of regulating big industrial plants since 1994 violated the Clean Air Act.

[Marie]

Texas is doing better than the other states because it has a 1% (for most entities) franchise (corporate) tax and relies on nothing else but SALES tax for revenue.

Yes. Sales tax. The same tax that FReepers are having a fit about with Cain’s plan.

The US, in general, is doing poorly because it has one of the world’s highest corporate taxes at 35%.

Do we need energy production? Heck YES! I’ve been screaming about this for years.

But that is only one component of the solution. A component that Cain agrees with. He wants to exploit our energy resources as well. Just because the press is focusing on 999 doesn’t mean that this is all there is to the man’s plan.

(He also wants to secure our borders, encourage legal immigration of immigrants that will actually contribute, deregulate EVERYTHING, restructure social security to stop it from being a Ponzi scheme and turn it into an actual investment program for retirement...)

Check out the graph on this page and you’ll see our problem. (It’s the purple line) Japan is the only country that rivals us in the corporate tax arena.

http://en.wikipedia.org/wiki/Tax_rates_around_the_world#List