That's why you're seeing businesses migrate to states that have lower tax rates, corporate tax rates that give benefits, so you can be competitive, so you can hire people in our communities and actually flourish. That's why you're seeing states like California, New York and Illinois lose population because they're moving to states that actually have friendly business laws. They may gain population in people who immigrate there, but they're not the people paying taxes or creating jobs. And there is the problem with the local principalities and their laws that inhibit their own success. (19:45–19:55)
CLAIM
Asserts that states with high regulation and taxes are losing population to states with business-friendly laws.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
