SACRAMENTO — Debate over the number of California firms that are leaving the state – or expanding their operations elsewhere – has become something of a proxy war between advocates for more government intervention in the economy and those who believe lowering taxes and reducing regulations are the best ways to spur economic growth.
Hence, straightforward reports on the state’s job data and anecdotal stories of business relocations spark feisty rhetorical battles. No policy wonk denies that California has an overall higher tax rate than most states– and a higher level of regulations.
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