Calif. business not fleeing state as claimed-report

Newswire

By Jim Christie SAN FRANCISCO, Oct 26 (Reuters) - California companies are not beating a path to other states as Gov. Arnold Schwarzenegger has said in his drive to hold down taxes and cut regulations, according to a report released on Wednesday. "Contrary to widely touted opinion, businesses are not leaving en masse, and business relocation is not a major driver of job loss," according to the report by the Public Policy Institute of California. The report said loss of businesses to ...

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