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Phoenix group looks to cash in on Calif. tax

PHOENIX -- A new tax in California could force some companies to move and a Phoenix economic group is looking to take advantage.

Californians passed a $6 billion tax increase that raises income taxes on those making more than $250,000 yearly and the state sales tax for all residents.

Barry Broome with the Greater Phoenix Economic Council is offering 50 of California's top CEOs a free plane trip to Phoenix and accommodations to check out the possibilities of moving their operations here.

"This tax is the most dangerous tax in the history of California," he said. "Top innovators are going to flee the state. This isn't about call centers or manufacturing centers. This is about going after the elite talent and getting them to consider greater Phoenix."

Broome said he's not usually a fan of poaching California businesses but in this case he's willing to make an exception.

"This tax is going to put a nail in California's coffin," he said, adding that overall Arizona needs its neighbor to the west to turn around its economy.

Broome said one of the nation's top 15 CEOs has already taken up his offer to check out the Valley, but he can't reveal the name.

About the Author

Position: Senior News Reporter. Started with KTAR July 4, 1999.

Favorite spots in Arizona: Pinetop-Lakeside, Alpine, Greer.

Have covered some of the biggest stories in Arizona including nine of the top 10 largest wildfires in state history. The Wallow Fire in 2011 became the largest fire in state history. Rodeo-Chediski Fire in June 2002, which is the second largest fire in Arizona. Covered the Yarnell Hill Tragedy in June 2013 that left 19 Granite Mountain Hotshots dead.

Favorite movies: True Grit, both 1969 John Wayne classic and the remake with Jeff Bridges and Lonesome Dove.

Sports Teams: Washington State University Cougars, Texas Longhorns, The University of Montana Grizzlies.


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