Toyota spurns California for Texas — here’s why


Although Toyota is playing it coy for the reasons behind the move of its national headquarters from Los Angeles to Dallas, you don’t have to be an economist to know why.

Yes, Texas promised Toyota about $40 million to make the move. But the underlying factors were far more important.

Texas is a right to work state, making unionization tougher, Texas has no state income tax (California is at 13+ percent), energy prices are lower (California’s green energy policies drive the state’s prices sky-high) and gasoline prices at the pump are more than a half a dollar less.

This is a lesson for all states looking to become more competitive to new businesses — be more like Texas and less like California.

 

Comment section guidelines

The below comment section contains thoughts and opinions from users that in no way represent the views of the Las Vegas Review-Journal. This public platform is intended to provide a forum for users of reviewjournal.com to share ideas, express thoughtful opinions and carry the conversation beyond the article. Users must follow the guidelines under our Commenting Policy and are encouraged to use the moderation tools to help maintain civility and keep discussions on topic.