Texas: Best for Business

[monk222]

The conservative organ National Review is touting Texas for its tort reform:

Gov. Rick Perry and the Texas state legislature want the rest of the country to hear this message loud and clear: The Lone Star State is open for business.

In a unanimous vote last week, the Texas senate adopted ‘loser pays’ tort-reform legislation, which says that a plaintiff must pay the winning party’s legal fees if their complaint is judged to be groundless. On Wednesday, the Texas house concurred. Governor Perry, who had championed the legislation from its inception, signed it Monday night.

The Wall Street Journal editorialized, “This Texas upgrade will build on reforms in 2003 and 2005 that have vastly improved the legal climate in what has not coincidentally become the country’s best state for job creation. Texas rewrote everything from class-action certification to product liability” — and I would add the state’s medical-malpractice reforms to that list.

No wonder the nation’s CEOs list Texas as the best state for business.

Yeah, but Texas is also in the bottom when it comes to health care and education and the environment. Texas is great for business in the same way that the Third World is: no regulation and no taxes. Texas may be the best state for business, but it is among the worst in which to raise a family, unless of course you are as rich as a CEO.

Comments

[hardblue.livejournal.com]

More Texas and Perry goodness:

http://thinkprogress.org/politics/2011/06/10/241830/top-10-thing-texas-gov-rick-perry/