Take Cleveland’s municipal income tax, add a lot of burdensome regulations and red tape and you’ve found why so few businesses set up shop in Cleveland and why so many are leaving town.
This Reason Saves Cleveland With Drew Carey video compares Cleveland and Houston. The latter is one of the fastest growing cities in America and home to 29 Fortune 500 companies (second only to New York City). Houston is thriving without any state or local income taxes and very few zoning rules or restrictions.
“It’s a bottom line thing for businesses. They want lower taxes and less red tape. Simple as that.” Drew Carey states in the Reason.tv video. “My only experience in running a city is Sim City, the computer game. I know that when you raise taxes, all the Sims leave the city.”
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