PALM BEACH COUNTY, Fla. — Florida's governor was in Palm Beach County on Wednesday, discussing the state's financial growth alongside two notable economists.
Gov. Ron DeSantis was joined by nationally known conservative economists Arthur Laffer and Stephen Moore, who spoke behind a lectern with the sign "The Florida Blueprint."
WATCH BELOW: DeSantis touts low taxes as key economic driver
Among the topics they covered during the nearly one-hour news conference was Florida's economic performance and job growth versus other states.
DeSantis said the state's growth and prosperity will be built on low or no taxes on income, property, sales or businesses.
He spoke to an audience of real estate agents at the warehouse of the Good Greek moving company near West Palm Beach.
Laffer and Moore drew straight lines between low taxes and economic growth.
The governor outlined figures from New York and California, saying those states have lost billions in income from businesses relocating.
WATCH THE FULL NEWS CONFERENCE BELOW:
DeSantis said Florida has had the largest growth in the U.S. from 2012 to 2022, outlining statistics of more than a trillion in income and wealth.
WPTV reporter Dave Bohman asked the governor about the potential downfall of the increase in migration to Florida, prompting rising rent prices and affordability concerns.
"We can't say, 'We're gonna make home prices less or this or that,'" DeSantis said. "It's just not something government does a good job on. I think what happened partially was the phenomenon that we had a rush of people here. These things correct, these markets work themselves out."
He said the correction is underway as rents in some areas of Florida are falling.
DeSantis believes home prices will stabilize and become more affordable as bank interest rates drop.
