Two papers in one!
Best of the Web:
- "But the real significance of the spat [between Nevada and California] is that it furthers a dangerous and phony economic myth--that hordes of nomadic businesses are roaming the country, plopping down for a year or two in a tax haven and then packing up and moving on the minute a neighboring state bats an alluring low-tax eye. The fact is the come-hither look is useless: Relatively few businesses, once they're formed, pick up and move across state lines."--op-ed piece, Los Angeles Times, Aug. 27
- " 'It just made sense for Toyota to pull the plug,' said Dennis Virag, president of the Automotive Consulting Group in Ann Arbor, Mich. 'When you look at states like Kentucky and Tennessee, California just isn't competitive in manufacturing with its taxes, regulations and overall cost of doing business.' The costs apparently outweighed a package of incentives put together by state and local officials in an effort to persuade Toyota to stay in Fremont."--news story, Los Angeles Times, Aug. 28