Thursday, September 24, 2009

Schwarzenegger's State Budget Secret

The California Air Resources Board (CARB) or the Cal EPA, impose massive regulatory financial burdens on business owners who seek to create jobs and wealth here in the Golden State.

An investigative study Governor Schwarzenegger has been trying to avoid going public, has been brought to light, that outlines the real costs to businesses in California that are caused by our own state government. The state regulatory authorities are bounty hunters, stalking businesses, crushing the life out of the California economy, making it impossible to compete with China.
  • the total cost of annual business state regulation in California is $492.994 billion (this does not include Schwarzenegger's insane global warming bill, (AB32), costing an additional $186 billion in lost gross revenue, plus another million jobs lost)
  • annual business taxes lost as a result of these regulations - $16.024 billion
  • lost labor income, is a staggering $210.471 billion
  • over regulation in California has cost almost 4 million jobs

The Progressives enjoy punishing businesses for creating wealth.