Monthly Archives June 2019

New Jersey residents fleeing ‘in droves’ as state Democrats fight over new taxes

June 30, 2019: While high-tax states deal with the fallout from the $10,000 cap on state and local tax deductions, New Jersey has considered imposing a millionaire’s tax on its wealthy residents. Democratic Gov. Phil Murphy renewed a push to implement the tax – with a top rate of 10.75 percent – on people with incomes over $1 million…. “They can’t tax us anymore, the middle class is getting wiped out,” former “Saturday Night Live” cast member and New Jersey resident Joe Piscopo told FOX Business’ Neil Cavuto on Friday, adding that wealthy individuals are leaving the state “in droves.”
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Another Auto Company Leaves California

Mitsubishi Motors North America Inc. is relocating its headquarters from Cypress, in Orange County, to Franklin, Tenn., a suburb of Nashville. There are nearly 200 people working in Mitsubishi’s Cypress office. The relocation is being done to “take advantage of the area’s vibrant technology skillset, all while realizing cost savings through the business-friendly work environment and proximity to sister company, Nissan. All departments will move, including sales, marketing, IT, human resources, communications, parts and service, product planning, dealer operations, finance and legal.” The carmaker has been based in Orange County since 1988. Other auto companies that left California over time
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Phoenix’s ‘Rolling Message’ to California’s High-Tech Companies: ‘Get Out!’

An Arizona economic development agency has launched a gutsy campaign to interest California companies in locating where they will find a far friendlier business environment and better quality of life. Imaginative economic development officials in Phoenix have reached beyond traditional media in a way I’ve never seen before. They have custom-wrapped two dozen autos with an easy-to-ready slogan “#CASTRUGGLES are REAL!” The cars are a rolling promotion to a website that introduces the metro area as a “location of choice for business and individuals.” Over a 12-week period, the mobile billboards will travel on Silicon Valley roads along predetermined routes.
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California’s Betrayal of the Working Class

The Golden State’s left-wing policies hurt working-class and middle-class residents Written by Joel Kotkin, the Roger Hobbs Distinguished Fellow in Urban Studies at Chapman University, executive director of NewGeography.com, and a published author who lives in Orange County, Calif. The recent California Democratic Party convention in San Francisco exposed the divide between the state’s progressive and working-class voters. Progressives, in their militant certitude, support left-wing policies that often don’t affect them; it’s the working class that suffers the consequences of these proposals. But the Green New Deal, widely embraced by party leaders, pushed too far, triggering a backlash at the
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More Companies Exit Business-Bashing California for Business-Friendly States (Updated)

If your business is in California and you’re wondering if companies continue to leave the state, the answer is, “Yes, and anecdotal evidence is that the numbers are growing.” Before I identify the latest businesses to disinvest in California – 32 companies that placed 39 facilities in other states – note that I learned about the events only within the last three months. Folks, this is further evidence of the continued deterioration of the business climate in the once-golden state. California continues to lose companies because of the state’s miserable treatment of businesses and the continued lowering of the quality
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