Recently, Texas Governor Rick Perry has mounted a glitzy campaign encouraging business to relocate to the Lone Star State. He makes it abundantly clear that Texas simply is better for business than California.
He points out that companies that are stagnating in California will flourish in Texas.
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Occidental Petroleum is leaving Los Angeles for Houston, after being here for a century. Raytheon, one of the biggest defense contractors in the US, is moving its Los Angeles headquarters from El Segundo to McKinney, Texas. Then there is Legal Zoom, the largest legal document website in the world. They have moved their operation from Los Angeles to Austin.
In the last year and a half, at least 50 companies have left California for Texas. So why Texas?
According to a study done by the Manhattan Institute, a think tank from New York, businesses are leaving California because of: taxes, regulations, costly electricity, union power and high labor costs.
California is going in the wrong direction. If the exodus of businesses and jobs continue, ultimately California may become a failed state.
Governor Brown, you need a reality check. Change course, don't raise taxes as you have been. Instead, reduce them! Just don't give lip service to cutting regulations -- DO IT!
Governor Brown, the time for real change is now. Take the Texas example to heart. All of California will be better for it. We can't afford to continue to cause business to leave the state and take their jobs with them.
Thanks for listening.
What do you think? We want to hear from you about this P.O.V. segment. Share your thoughts in the comments section below or email me directly at POV@fox11.com.
Kevin T. Hale,
Vice President and General Manager
KTTV-TV, FOX 11 News
The views expressed are not necessarily those of the station or its employees.
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