Steve Pearce: “I will tell you that the Governor of New Mexico, Governor Bill Richardson, a staunch Democrat said it best, when he is…”

“I will tell you that the Governor of New Mexico, Governor Bill Richardson, a staunch Democrat said it best, when he is passing tax increases for New Mexico, tax cuts create jobs. He said Democrats should get over it. They should understand the economic principle. If tax cuts create jobs, then the reverse is true, that tax increases are going to outsource jobs. So what we have here is one of the largest outsourcing of jobs in American history. Now, if you would like an example of it, you could take a look at Irish miracle. We are all familiar with an Irish economy that was slugging along, so what they did is they cut taxes to their internal companies. If you are internal, you paid like an 8 percent or maybe a 10 percent tax. If you were an external company, maybe someone outside of Ireland, they still paid a 36 percent tax. Their economy began to boom.”