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FBN’s Adam Shapiro has California Governor Jerry Brown’s response to allegations that California is bad for business.
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That's a Texas governor Rick Perry said on -- recent recruiting trip to the golden stated -- at finger at that states hike tax burden.
Out of here is live in -- to California with more on account flights from California have.
Well the people here in California feel the finger that Governor Perry pointed that was not saying they're number one in fact he did say it was bad for business.
Here in California so governor Jerry Brown responded.
Here's what he told Fox Business.
Do you think a few trips from a politician.
Is gonna make any difference people invest their money where they think these are returned.
The idea is the infrastructure.
That claim -- the opportunity is right here in the Pacific -- It may be here but there's no escaping the fact a lot of businesses feel that this is a state that's very difficult to do business sense for -- -- lets -- take a look.
-- one of the tax structures that they have to deal with in California the state capital gains rate combined with the federal capital -- -- Compared to some other countries for instance Denmark.
That -- that tax rate would be 42% California 33% France 32 point 5% Finland 32% New York's.
31 point 4% when you talk about the business climate in California.
9000 jobs a year depending on which research firm you go to 9000 jobs here lost because companies are either closing or shrinking and it's up gazes.
Moving out here's how Governor Brown responded of that.
California's been attracting foreign investment since the -- rush and it sometimes it's slips back.
Sometimes it takes a wrong a wrong turn.
But over the years and decades it's always an upward and onward when I was governor of the first time the -- -- California was a 150 billion now it's close to two trillion.
This is where the -- new industries aren't the creativity the movies the Internet.
-- Google apple.
All the -- that FaceBook.
And when you tell -- about onward and upward California and Texas lead the nation in job creation.
But a recent survey by the business roundtable here in California business leaders.
62%.
Of business leaders say it is harder to do business in California than other states it's one of the reasons that Arizona.
And Fairfax county Virginia have opened offices here to not only recruit but help businesses relocate.
And open offices.
In their communities we're going to be talking with the governor of Arizona coming up on fox business and then we're going to be speaking with Gavin Newsom lieutenant governor in California.
About how to get estate.
A more friendly business in time.
