Wednesday, August 1, 2007

Tax cuts! Rebates! Action!

That's the headline of an editorial that reveals the LAT's failure to grasp fundamental principles. The LAT argues that California filmmakers shouldn't get tax rebates or reduced tax rates, even if other states are offering them, because then every industry would expect the same treatment, from chip makers to software firms to car manufacturers.

At some point it must dawn on the LAT and state Democratic legislators that businesses will seek lower taxes wherever they can find them and will leave California to benefit from them. Many have left already, because of high taxes or anti-business mandates or both. If California hopes to keep the businesses it has and attract new ones then it must stop making doing business in California so unattractive

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