Topic: Business Climate
News
June 23, 2017

As of Wednesday, businesses no longer have to submit physical LLC Statements of Information, as the records may now be submitted via the California secretary of state’s website. An LLC Statement of Information includes records such as the company’s name, location and type of business, as well as the addresses of chief executives and managers.

“We’re streamlining the process so that entrepreneurs can focus less on red tape and more on growing their business,” said California Secretary of State Alex Padilla.

News
June 23, 2017

As we noted when California inaugurated this policy, American federalism is based on the agreement that different states can pursue different policies (within Constitutional bounds) while retaining equal status within the union. California’s decision to escalate the culture war with “sanctions” against states with different political orientations represents a direct challenge to America’s federal structure.

This new order could have a major symbolic impact—for example, by making it difficult or impossible for University of California sports teams to compete against the University of Texas. And could lead to retaliatory measures by the targeted red states: They could, for example, up the ante not only by enacting reciprocal travel bans but also by refusing to cooperate with California’s government in criminal investigations, declining to share tax data, or prohibiting companies from selling products to California’s state government.

How long before a coalition of liberal states begins to collectively and systematically impose sanctions on conservative ones, or vice versa? To state the obvious: This has nothing to do with the legitimate democratic debate over the merits of the policies California is trying to sanction in the first place. Maybe some of these policies are reasonable compromises between LGBT rights and religious liberty; maybe others are unacceptable forms of discrimination. These are debates that need to be resolved by the courts, by federal civil rights agencies, and by the voters in those states. California’s brazen offensive dangerously short-circuits this process.

News
June 23, 2017

Illinois is grappling with a full-fledged financial crisis and not even the lottery is safe – with Republican Gov. Bruce Rauner warning the state is entering "banana republic" territory. Facing billions in unpaid bills and pension obligations, the state is hitting a cash crunch that is rare even by Illinois standards. . . . But the problems are years in the making, caused in large in part by the state’s poorly funded pension system— which led Moody’s Investors Services to downgrade the credit rating to the lowest of any state. The state currently has $130 billion in unfunded pension obligations, and a backlog of unpaid bills worth $13 billion.

News
June 22, 2017

California is restricting publicly funded travel to four more states because of recent laws that leaders here view as discriminatory against gay and transgender people. All totaled, California now bans most state-funded travel to eight states.

News
June 20, 2017

Decades of blue model governance have left Illinois with powerful public sector unions, a legislature subservient to them, and an intractable public pension problem. Politico recently labeled Illinois America’s first “failed state,” as feuding between the Democratic legislature and the Republican governor over how to handle the state’s cascading fiscal crisis brings governance to a standstill.

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