Treasury Sec Bessent: Texas now America's hub
Treasury Secretary Scott Bessent highlighted a significant migration of businesses and high-income taxpayers from California to Texas, citing lower taxes and business-friendly policies as key factors. Major corporations such as Chevron, Tesla, and Hewlett Packard Enterprise have moved their headquarters to Texas, which has increased its energy and solar capacity and attracted more companies and taxpayers in recent years. Bessent emphasized that Texas's pro-energy policies and economic environment make it a leading state for growth and security.
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