I wrote recently about a business-tax incentive that has attracted a new company to Stockton, a clear victory for the city’s department of economic development.
But reader Paul Verdegaal, a University of California Cooperative Extension specialist in grape and almond cultivation in Stockton, raised some interesting questions in an email. In part, he wrote:
“The plan and expected results really raise the question in my mind of why elected ‘leaders’ at the County, State and Federal levels fail to see or simply ignore the obvious.
“If tax incentives encourage new business establishment and create jobs and increase tax collections (revenues); why aren’t lower taxes good for all businesses and individuals?
“It’s not a coincidence that Gov. Rick Perry is ‘stealing’ business from California; with the highest taxes and most regulations. I visited Texas not too long ago and it’s booming like I remember California once did, when I was a younger taxpayer.”