SACRAMENTO, Calif. (KCRA) —Two dozen California companies have said they are tired of the business-bashing in Sacramento, along with the high taxes — and they are now threatening to leave the state.
A big backlash is building in California, with many businesses now looking to leave the Golden State. (Photo: Phoenix brass greet California business officials at Sky Harbor International Airport.)
The day after Proposition 30 passed, triggering $6 billion in new annual taxes, Arizona launched a campaign to lure some of California’s top companies.
KCRA 3 has learned that 24 chief executives are flying to Phoenix, Ariz., to explore the land of lower taxes and a much friendlier business environment.
“We can deliver the mayors, we can deliver the CEOs, we can deliver the legislative support,” said Barry Broome, president of the Greater Phoenix Economic Council.
