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Which is Better for Business: California vs. Texas
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FBN’s Lou Dobbs compares the business environments of California and Texas.
- Duration 4:00
- Date Feb 7, 2013
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FBN’s Lou Dobbs compares the business environments of California and Texas.
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We thought you'd be interested in what is -- heated battle right now.
Through this country's largest blue state the great state of California the nation's largest red state the great stated texts.
Listen to the new radio -- that the governor of Texas Rick Perry is airing in California.
Building a business is tough but I -- building a business in California his next impossible.
This is Texas governor repaired and I have a message for California businesses come check out text.
While this battle going now listen -- governor Jerry Brown's -- tort.
It come to California Kansas where -- -- He's not going to Lubbock or -- those places are that make up that state so I think come out come a lot of these Texans -- coming here.
They don't go back.
-- -- wanna spend -- -- Summers in the 110 degree heat inside some kind of fossil fuel recognition.
I don't smartly ago.
Jerry Brown now governor -- say there's no reason did salt -- Governor I was born in Childress Texas and full disclosure.
So let's just take a look at these facts which is the best state for business.
The unemployment rate in California.
All of this is beautiful thing to sell or governor Governor Brown that you've got -- work to do -- ago California.
Nine point 8% unemployment.
California the third highest -- pondering the country Texas.
Six point 1%.
Well -- about when the texts.
And jobs added last year jobs created in California 220 that's pretty good 226.
Miles 212 and six.
-- But Texas.
261000.
And we have to -- -- have to check mark.
Right over there annual GDP growth California.
2% there are other out during the national average that's for sure but Texas -- 3.3 percent.
And California as well.
Of they've got an income tax there so they're gonna win this when California's.
Income tax is thirteen point 3%.
That's right you heard -- -- thirteen point 3%.
Texas'.
Income tax rate for individuals it is.
Zero.
And again.
-- Another check mark corporate income tax California.
It.
Point 84%.
On -- ask -- -- they want point four -- that but there is Texas and if you puts -- zero.
Another check mark protect.
Debt California 75 billion.
And I asked the pretty good chump change.
And Texas fifteen billion -- Fifteen.
Billion in taxes again.
Another check mark -- poverty rate.
California has the highest poverty rate in the nation for crying out loud 43 and a half percent.
Three and a half.
Percent.
-- the highest in the nation Texas sixteen and a half percent.
Assure me that Laura reported.
And the -- rates California.
A -- to bad 76%.
For graduation rates in California.
Doesn't keep up though with Texas.
86.
Percent.
Graduation.
The score eight to nothing.
California.
-- zero in neck contest.
Governor Brown I think there's a clear message here.
Don't mess with texts.