Russ Steele
The Global Warming Solutions Act, AB32 was signed in 2006 and according to relocation experts business leaving California in 2010 is accelerating. Some detail here.
The IRS data shows that between 2006 and 2008 the net loss of in tax returns was over 102,000 returns with 317,000 dependents following those returns out of the state. Those departures from California removed $7,298,645 dollars of adjusted gross income from the states economy. More detail here.
The PPIC attempts to refute Meg Whitman’s claims that jobs are leaving the state with data between 1992 and 2006, long before businesses were faced with the growing plethora of climate change regulations they face today. Details in this Sac Bee report.
Gubernatorial candidate Meg Whtman and other Republicans contend that California's poor business climate is driving employers and their jobs out of the state, but an updated study by the Public Policy Institute of California found otherwise.
Relocations account for a tiny percentage of the state's job losses, the PPIC study found - just 1.7 percent from 1992 to 2006 and never more than 2.3 percent in any one year.
"Few businesses move into or out of California," says the report, written by PPIC's Jed Kolko. "From 1992 through 2006, about 16,000 jobs annually moved into California and about 25,000 jobs annually moved out of California. The annual net employment change in California due to relocation - a loss of about 9,000 jobs - represents only .05 percent of California's 18 million jobs."
My god, the PPIC should be able to do better than using jobs and business data from between 1992 and 2006, before the economic collapse. This is ancient data in a dynamic world. This is 2010 and the economy collapsed California between 2006 and 2010. People are leaving seeking new opportunities in states without a growing plethora of environmentalist regulations.
Why try to start a business in California when the process takes a year, when in neighboring states it takes months and in Texas three weeks. Oh, by the way most of the taxpayers who left California between 2006 and 2008 went to Texas, 29,014 in total.
I am sorry, the pre 2006 data does not cut the mustard. Meg was right! The IRS numbers do not lie, jobs and people are leaving California for a better life elsewhere.
