 Perry, a proclaimed proponent of fiscal conservatism, has often campaigned on tax reform and job growth.Perry opposed creating a Texas state income tax and increasing sales tax rates, choosing instead to increase user fees and debt, adding $2 billion for road bonds, borrowing from the Federal Unemployment Trust Fund and adding surcharges to various traffic offenses, protected the state's "Rainy Day fund", balanced the state budget as required by state law, and was reelected on a platform to reduce property taxes that rose with the inflation of property values in the late 1990s and the 21st century.As Governor of Texas, Perry received grades of B in 2004, B in 2006, B in 2008, B in 2010, C in 2012, and B in 2014 from the Cato Institute, a libertarian think tank, in their biennial Fiscal Policy Report Card on America's Governors.