How Texas has dealt with the oil decline: Governor - Change this value to a strong SEO phrase
Jul 31, 2015
Texas, a state well-known for its close ties to the oil industry, has been able to mitigate the economic damage done by crude’s price decline by cutting taxes and relying on its diversified economy, Gov. Greg Abbott said Tuesday.
“While other states have been raising taxes, we cut taxes by $4 billion … and it is attracting businesses from New York, from New Jersey and across the entire country,” Abbott said in an interview with CNBC’s “Squawk on the Street.”