Money goes where money is well treated. It’s that simple. Look no further than the state of Wisconsin’s newly elected GOP Governor Scott Walker and his new slogan to businesses in neighboring states, “Escape to Wisconsin.” And escape they will, as he works to eliminate the corporate income tax for two years and most likely many more.
Contrast Mr. Walker with Illinois Governor Pat Quinn and his 50% increase in corporate income taxes and you get the picture of why companies are hitting the bricks for Wisconsin.
I recently wrote about the tectonic shift in the number of governors and state legislatures controlled by the GOP: “A massive tectonic shift in Republican power will occur in the 25 states where they will control the entire legislature. That’s 11 more than going into the midterm, which hasn’t happened since after the 1952 election, when they had 26.”
Newly elected Governors Scott Walker of Wisconsin, Rick Snyder of Michigan, John Kasich of Ohio got the message. So have many of the other newly elected 17 GOP governors who comprise the GOP’s gubernatorial-majority of 29 in the country.
What’s more is Democrat governors will be feeling the pressure from their legislative counterparts where Republicans control 57 chambers, Democrats 39 (with two tied, the Alaska Senate and Oregon House). In fact, Republicans hold the largest majority for the party since 1928, with control of 54% of the nation’s 7,382 legislative partisan seats.
Meanwhile governors like newly reelected Jerry Brown in California search for ways to make good on their promises to unions and seek to increase taxes. Americans have had enough and will simply move on with their businesses to a state where they’re well treated.
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