"The annual net employment change in California due to relocation -- a loss of about 9,000 jobs -- represents only 0.05% of California’s 18 million jobs."
And with that, new data today from the Public Policy Institute of California again calls into question political claims that a mass exodus of businesses from the Golden State is underway, a claim we examined last week as part of our coverage of the race for governor.
But it seems more complicated than that. And in one of Whitman's examples, the company in question paints an entirely different picture of what happened.
If you were making a list of things that go together… peas and carrots, Batman and Robin, peanut butter and jelly… you’d be safe adding 'Republicans and tax cuts' to that list. So it's not surprising that one of the more substantive policy areas in the GOP gubernatorial primary is about cutting taxes -- how much, which ones, and what impact will be felt.
And the similarity in the plans of Steve Poizner and Meg Whitman lies in an embrace of the core belief of supply side economics -- that cutting taxes makes revenues go up.
That's the focus of this morning's story on The California Report.