Greenhut: California businesses are wimps on high taxes

Oct. 17, 2012

By John Seiler

Our colleague Steven Greenhut writes in Bloomberg on how many California businesses are selling out the state on taxes:

“While the proposition’s Lincoln Club backers are conservative, most corporate political players in California have hardly been associated with conservative causes, even on the tax, regulatory and economic issues where one would expect them to tilt right. Instead, business leaders have tried to play ball with the Democrats, who control every constitutional office and have an ironclad grip on the state Legislature.

“The game seems rigged, and the calls go against the capitalist cause. Yet the private sector keeps on playing. While this dynamic is common in some other states as well, business interests in California seem less willing to put up a spirited fight than in most other places.”

Read the rest here.

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BloombergJohn SeilerSteven Greenhut

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