California's dominant Democrats and the government class here in Sacramento is in denial about private businesses leaving the state because of excessive regulation and high taxation. So I enjoyed Republican Sen. Mimi Walters' piece today on flashreport setting them straight on this issue:
Waste Connections, one of the Sacramento region's largest publicly traded companies, announced last week that it will be relocating its headquarters from Folsom, California to Houston, Texas. ... [CEO Ron] Mittelstaedt explained that Waste Connections is leaving California because it has "the most expensive income tax in the nation, a structurally built-in budget deficit, and unfunded public employee pensions."Walters captured the essence of the state's political problem when she quoted Senate Majority Leader Darrell Steinberg, D-Sacramento: "It seems disingenuous that Mr. Mittelstaedt would make amorphous complaints about California's business climate, when his company recently reported a third-quarter revenue increase of almost 17 percent. Expect the exodus to continue until Steinberg and other union-owned politicians figure out that they can't pay for the state's high-paid public sector without a thriving private sector.
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