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Isn't dropping state taxes on industries exactly what should be done to stimulate job growth?
I know that when I lived in South Carolina...the state gave BMW a huge tax incentive to build that plant there. And it created jobs and kicked up the economy in the upstate where I lived enormously.
Seems to me that if you are taxing the hell out of an industry that you are kinda pushing them somewhere else aren't you?
I know I moved to Nevada simply because I got tired of paying 20 grand every year in state income tax in South Carolina.
And if I were a big company I would definitely look for the most cost effective way to do business in the U.S. (and no, I'm not talking about going to Mexico for cheap labor). So if I were an industry that could save millions of dollars by moving to another state...that's what I'd do.
In my opinion a state will cripple itself in the marketplace if it doesn't lower taxes on businesses. You need business to want to come to your state and bring jobs and prosperity.
As far as the State budgets go...they need to stop spending so much money. Just like the feds.
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