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California's Tax Pain is Texas' Tax Gain
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Former aide to Texas Governor Rick Perry Craig Casselberry on the low cost of doing business in Texas.
- Duration 5:31
- Date Mar 20, 2013
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Former aide to Texas Governor Rick Perry Craig Casselberry on the low cost of doing business in Texas.
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Everything is bigger in Texas but not the taxes with no corporate or individual income taxes and a franchise tax the tops off.
At 1% the -- -- Texas is certainly attractive and Governor Perry is telling anyone and everyone who will listen.
Just how great it is.
Building a business is tough.
But I -- building a business in California.
Is next impossible -- -- low taxes sensible regulations and fair legal system are just the thing to get your business movie.
To Texas.
Joining me now is former -- to Texas governor Rick Perry is CEO -- public affairs Cragg castle very -- is the governor's message.
And those -- -- playing -- California.
Is it.
Getting is it is it being affected and.
You know I I think it is you know we know our -- really here has been for many years I've been around a long time in the state.
Low taxes a great equality alive and I think.
Companies.
Their employees.
Fame -- They like that message it's working and that's why we led the country and job creation for the last several years so yeah -- -- so.
That you could you have -- we should say that many California companies have actually left the city California and the gunned down in Texas because the cost of doing business is so much -- below the national average almost 5% in the state of Texas and also.
You've got again that corporate tax.
You know that that nugget that really brings people and ask you this -- If you look at the debt situation in each state California vs -- won in the Texas -- on the California is not done his control.
It debt what -- Texas doing that California needs to do.
Will we have a balanced budget amendment in our constitution which is the first very positive thing we can't.
Spin more than we take in so and then we're also very fiscally conservative as a state we simply don't.
We don't spend beyond -- means something California's gotten way ahead of themselves there we're seeing the benefit of it and it's working for us.
-- talk about some of the companies than it actually left California ended down.
And it taxes and -- mentioned illegals that we on that website illegals in -- at the state of California they moved down to Texas.
Others other companies there's oracle has actually expanded -- move their headquarters but they've expanded CVS Caremark expanded.
Lane incorporated -- mean these are companies in today.
Apple even -- even -- actually expanded their operations in the state of Texas what are the chances that some of these major American companies would actually.
Leave California altogether -- HQ.
To Texas.
Was becoming -- -- more more likely -- Google as well significant investment here in this market apple you mentioned.
For others I think it could very well happen and and what they'll tell you we want them here and I think you know -- Texas hospitality both economic and cultural.
And as you -- Governor Perry he's very effective and he goes and asks for the business and so I think that makes a difference when it comes time to -- -- headquarters.
We'll ask you this what do you think the Governor Perry has been very active it is is not -- just selling you know the overall lifestyle but also.
The median household -- come Texas being if you look at the median household income taxes it's 48000.
You would think California's higher it's only 54000.
Over the last two years -- in comes in taxes for workers which does attract a business.
Are actually higher why is that what -- -- is -- Well I think we don't have the costs associated so we don't have any personal income tax we have a very moderate.
Company -- corporate tax.
We have a very affordable real estate so -- we make it relative.
It's a big win for Texas in -- we got a good job of telling that story.
You know we're about 42% less in terms of a cost of living -- California.
You get almost double your money.
If you come from California to Texas on -- that's resonating.
Now that's gonna make April 15 a lot healthier and happier for many if they are living in Texas that ask is if you work for Governor Perry in -- so well.
In -- he'd be launched this huge ad campaign in California we talked about it on the show.
But at the same time he -- out on Twitter to Phil Mickelson of all people -- golfer hit -- comments about leaving cal or any.
As they think the quotas hysterically sitting expelled sexes on the liberty and low taxes we had -- -- over here.
I meet what's the chance of Governor Perry -- to reach out to be celebrities and get them on board with the Texas marketing campaign.
Well we do have about 320.
Days of good golf weather summing it makes perfect -- -- -- -- Yeah I think it's it's pretty amazing it talk about a return on investment.
We spent the governor spent 24000 dollars on an ad -- And it was about three million dollars worth of earned -- that came out of free media so that's a pretty -- are -- And so I think yeah I mean it's it's becoming a real -- is coming to ahead here is that -- tipping point we're seeing I think from Californians are saying you know enough is almost enough.
We raced out to governor -- -- love them on the show and talk more about the spread castle -- former of course aide to Governor Perry thank you cracked.
Thank you.
Coming up tomorrow everybody the flip side what we're gonna be fair -- or California democratic congressman John Garamendi.
Is gonna join me with what the Golden State is doing to keep residents from -- event.
And going to taxes and other states he's got a lot in his hands he's also small business owner is a different of the show he's going to be here are right.