Tom Pauken’s Prepared Remarks at the Texas Workforce Commission Business Conference on February 7, 2011

With our 35 percent corporate tax rate and 6.2 percent payroll tax, it is the most onerous business tax system in the world – and a job killer here at home. Not only is a strong domestic energy sector an important part of a vibrant private sector and our U.S. manufacturing base, it also is critical for national security reasons – to lessen our dependence on unstable sources of foreign energy from the Middle East and countries like Venezuela where a would-be Fidel Castro, Hugo Chavez, is in power.