Cal I Forn Ia, We Won't Leave Whoops!

Business-bashing in California is suddenly very passe. Long known for its regulatory zeal, the state recently streamlined its process for issuing environmental permits. It also adopted changes that will cut business taxes by about $500 million a year--including a 6% tax credit for new investments and elimination of the 5% sales tax for startups. The state has also revamped its workers' compensation laws.

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