California Taxes, Regulations Driving Business to Texas

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Ahead of the city here Rick -- trying to sell as California on this day at the Texas -- and Aaron is taking his low tax benefits to businesses and the Golden State.

Former Utah governor former presidential candidate John -- did you -- Would be all surprises Texas Texas does -- a lot of those business titans over because low taxes are winning message governor very good to have you.

A -- great to be with you thank you you had great success doing just that when when you were the running to exit in Utah but 88.

Now the chasm is there's really widening California but.

Top rates that it the dwarfs -- -- rates and in many other countries so.

What what will happen to California you'd think as time goes on.

Well you're you're gonna have some -- who can afford to stay in California and who were willing to pay the extra premium involved in doing business there.

So if you look at the corporate tax side and it is probably you know eight point 89% if -- in financial services -- 12%.

In individual rate is 12% on top of that and incomes Rick Perry you know.

A good friend of mine -- someone who understands how to move business.

And he offers a state that basically has nothing in the way of an individual income tax nothing by way of a corporate tax there other ways they get their income.

And it's a pretty compelling message for.

Financial services businesses for the innovators in Silicon Valley for the manufacturers who -- outside of Los Angeles in the Bay Area.

I used to tell Governor Schwarzenegger.

You know it's it's a pleasure to pick your pocket from time to time because there there there's so much in the way of low hanging fruit if you're a state that has a competitive tax regime.

A business friendly environment and -- got to remember the regulatory environment on top of the tax structure is something that also is the dabbling for businesses and if you that somehow streamlined that is I think they've been able to do pretty well in Texas.

You've got a pretty competitive environment and California will have to be aware of those kinds of incursions.

What will it doesn't did a governor Jerry Brown in California still were rated at -- is that there's a much closer attractive and that is Nevada where you could just hop across the border.

Still working California which has a lot of business yeah stated that -- away from a but but day.

-- a choice between paying an extra 13% vs zero in Nevada you.

So go to Nevada.

But what I said that what you think is going on with Republicans on this message governor than it did they look like their party's solely about tax cuts.

And little else and that it despite the -- -- -- -- Governor Perry doing something here that it catches some people's attention.

It -- Republicans don't seem to be offering much new.

-- -- Well here's what -- have people in California are gonna say about you know an Overture from Texas I know could I've been through this many many times.

Trying to win over investments from the outside they gonna say how -- your schools.

And as Republicans we need to be able to talk conversely about education reform and what we're doing in terms of supporting teachers.

In changing the classroom and ways to speak to promoting and learning technology.

And providing more in the way of educational choice.

We need to talk more about quality of life and what it means to have an environment would -- lawyer in -- -- people can share.

These are all things that come from you know the Teddy Roosevelt view of the world.

And the Eisenhower that's under review it and we're right you're like abducted the Teddy Roosevelt type Republican is that fair to say governor why.

I -- it works I mean -- Republican Party has a long history of accomplishments.

And ways that that Republican leaders of change -- country all the way back.

None are no -- but William visit core conservative -- new class of this when you're running for president and and just in in in your powerful roles in the Republican party of these years and decades.

But I I caught a piece today -- I'm sure you might have in the New York Times is these are young Montana.

Voters who -- Very much says it is to exit to the left liberal -- a lot of them a little couple of quoted that their fondness for you know.

Upon that but that that -- that path that.

But another way that it was it enough that you blurted out that the Republicans by by repudiating you -- I'm I'm -- over analyzing -- We're not the party of that of that include role in it.

Bring in all and -- that's gonna hurt Republicans what do you make of that.

Well I think there is a fundamental shift occurring.

In America.

And you'll lose a younger demographic -- 6040.

That's a wake up call you know and young kids -- -- I'm raising a couple of my talk every day about these issues.

They want balance that they want balanced budgets they want economies that work they want job opportunities and prosperous.

Growth oriented economies that speak to innovation that's going to be their generation.

But -- also a little more cutting edge -- it relates to some of the social issues they care more about the environment.

They probably you know in many cases get married later later in life.

They live and a much more heterogeneous kind of environment with kids from all over the world where.

UN I grew up in a much different kind of may have you.

I don't see your party moving in that direction and goes some argue whether they should.

Some argue -- that would be -- hello selling are sold to gain some bulbs that would.

Though no we're -- the party of life liberty and pursuit of happiness we're the party of opportunity.

A party that can speak about those opportunities to all people in the United States.

This is this is a party that believes in giving a sense of ownership and opportunity to every single.

Citizen in this country but were also -- The the party of problem solving and we've gotten away from problem solving we're forgotten had to do would deal.

A lot of governors are pretty good -- -- and I think we -- to learn more from the models of governors Republican governors are doing pretty good things.

But we've lost that or -- problem solving and that's what republicanism I think was founded on.

Pragmatic solutions to the issues of the day.

That work in favor of all Americans and what governors do that pretty well I love doing that kind of thing is governor of the -- you -- And it works on the economic side it should work on education policy and it should work -- terms of quality of life which increasingly people.

Have in mind when they make these business and investment decisions.

Governor it's always a pleasure thank you -- Thank you -- a pleasure governor Jon Huntsman junior well.

Source: http://video.foxbusiness.com/v/2158123053001/california-taxes-regulations-driving-business-to-texas/

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