Monthly Archives January 2022

California’s Democratic Lawmakers Propose Doubling State Taxes — Would Hit Businesses Hard

Sigh. Here we go again. Economist Lee Ohanian writes. “California’s population declined by 367,000 last year, nearly a 1 percent drop. You’d think this would be a wake-up call for politicians to reconsider the economic policies that are driving people to move to other states. Not in the least. Instead, they are doubling down on the very same policies that have led businesses and people to leave the state at the highest rate in California’s history.” “Democratic lawmakers have proposed a constitutional amendment that would increase taxes by $12,250 per household to fund a single-payer health care system. The economics
Read More

New Year – New Start: California Companies Shift Headquarters to New State

Additional companies have relocated their headquarters from California to Reno. The out-of-California migration to many states has been going on for years as companies seek to escape California’s high taxes and exceedingly difficult and costly regulatory environment. For this 2021 update, I thank Mike Kazmierski, President and CEO of the Economic Development Authority of Western Nevada (EDAWN), and his team. The list below shows the company name and the California county and community they left with their headquarters relocated to Reno. Name of Company: California County > Community American Battery Technology: Placer County > Tahoe City Lehr Automotive: Sacramento County
Read More