Marcus Hiles cites tax cuts for new jobs, economic growth

Marcus Hiles cites tax cuts for new jobs, economic growth
Marcus Hiles cites tax cuts for new jobs, economic growth

Texas has added 1.3 million jobs above pre-recession peaks, far outpacing the national average, says Western Rim Property Services Chairman and CEO Marcus Hiles. With unemployment down to 4.4 percent in April, consumer confidence has grown at an impressive rate. The state’s Consumer Confidence Index (CCI) sat at 117.6 in May, ahead of a 92.6 national average. Where are these jumps coming from? $5 billion in tax cuts over the past three years, according to Hiles. The extra pocket money has driven a massive influx into the state’s real estate market. Single-family building permits are up a whopping 6 percent, and the year-over-year price of existing homes has gone up 5.9 percent.

Read more here: http://www.marketwatch.com/story/marcus-hiles—-encourages-everyone-to-follow-texas-pro-growth-policies-2016-06-24

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