It's probably mixed. Lower taxation encourages the type of risk-taking that leads to innovation, but government spending on science and technology also leads to

It's probably mixed. Lower taxation encourages the type of risk-taking that leads to innovation, but government spending on science and technology also leads to innovation. Silicon Valley, for what it's worth, was innovative long before it was a liberal bastion. And while the liberal bastion of Austin is booming these days, it's subject to the same rather conservative governmental policies as the rest of us in Texas.