California

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Submitted By jhudson991
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California Unemployment and Taxes

California losing business and people because of many factors from high taxes to the high cost of living, but the state government thinks that raising taxes will help keep the states running.
According to the Bureau of Labor Statistics, California, has one of the highest unemployment in the country at 9.4%. The nation’s unemployment rate is 7.5% one reason may be high taxes, bad regulations, unions, and the raise in energy costs up by 33%. Companies are moving out of California to places like Texas where the tax rate is lower and have fewer regulations. Some states like South Dakota, Texas, and Wyoming do not have corporate income tax. The big companies are not the only ones hurting. Small businesses are closing down every day. With the new heath care coming in businesses are not hiring because if they have 50 employee or more they will have to pay for their health care so they, either. They will let people go or make them part- time with fewer than 30 hours a week or have to pay a fine for each one. The costs for incorporating companies went up 800. dollars. Businesses are not the only ones moving people, are leaving too. Since the 2000 over 1.6 million people left California, for some of the same reasons, gas prices are one of the highest in the nation, the cost of living is one of the highest in the nation, some of the worst schools in the nation, political correctness, and the economy with poverty levels increasing by 30% since 2007.
Most people stay in California because this is their home and do not want to leave, have a good paying job, the weather, and the state schools are great, and have good public universities.
Businesses says that they stay because the California budget is in good shape, has a cultural center for creative innovation and is willing to invest in the future, and the location.
If the California…...

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