California’s Taxes Don’t Close Its Confidence Gap

Business Climate: Last year’s tax hike was a short-term fix, at best, for the Golden State’s woes. For lasting prosperity, job creators need to trust the politicians. Right now, they don’t.
‘California is back, its budget is balanced, and we are on the move.” That’s Gov. Jerry Brown’s take, delivered in his State-of-the-State address last month. There are views from other perspectives, and they are far less rosy.
The job-producing sector, for instance, is not yet ready to applaud the performance of the political leadership. To judge from a newly released poll of 1,142 business leaders, confidence in the state remains dismal.

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