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We hear a lot about workers “voting with their feet” and relocating for jobs, but what really counts in their decision-making? “Affordability and education come right at the top, then taxes,” David Booth said on Tuesday, in an interview conducted by James K. Glassman at the Bush Institute’s conference in Chicago on “Tax Competition and 4% Growth.” But of course “affordability and taxes are intertwined,” Booth pointed out. The co-chief executive officer and chairman of Dimensional Fund Advisors, for whom the University of Chicago Booth School of Business was named, Booth said that the offices of his firm were originally split between Santa Monica, California, and Austin, Texas. But over time, more than two-thirds of his employees relocated to Austin, almost all of them voluntarily (and many of them native Californians). As he noted, someone making $200,000 a year can cover the annual mortgage payments on a house in Austin with the amount saved in taxes by not living in Santa Monica. If you made $200,000 in Brentwood, an affluent neighborhood of Los Angeles where his daughter went to high school, “you’d be eligible for financial aid,” Booth said.
Robert Asahina has been a newspaper and magazine editor and writer, a book publishing executive and editor, and a data management consultant. He was editor in chief and deputy publisher of Broadway Books, president and publisher of the adult publishing group of Golden Books, and vice president and senior editor of Simon and Schuster; deputy managing editor of The New York Sun and an editor at The New York Times Book Review, Harper's, George, and The Public Interest; and a consultant at Freddie Mac. He is the author of "Just Americans" and of numerous articles and reviews for The Wall Street Journal, Harper's, The New York Times Book Review, and elsewhere.
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.