Amazon isn’t the only one fed up with New York’s ridiculous tax rates. Plenty of companies are packing their bags and looking for office space in states with more business-friendly policies. There’s just one problem: A lot of these top firms can’t stand the conservative laws that make their new homes so successful.
AllianceBernstein, another firm fleeing the Empire State’s stifling economy, just announced that it’s relocating its $70 million headquarters to Nashville. But before it moves, the CEO is warning Tennessee: It’s not a fan of religious liberty. And AllianceBernstein is proving it by fighting the state’s faith-based adoption bill.
“AB chose to move to Tennessee because we believe it is a welcoming state that is focused on growing jobs, incomes, and the tax base,” Chief Operating Officer Jim Gingrich said in a statement. But, “the bills being debated in the current session of the legislature send a clear message to certain constituencies that they are not welcome. Other states have tried to pass similar bills,” he claims, “and this has proven to be anti-growth, anti-job, and against the interests of the citizens of those states.”
Is that so? Because the last time financial experts checked, the most socially conservative states also happened to be the most prosperous. For years, places like North Carolina (No. 1), Texas (No. 3), and Georgia (No. 6) have topped Forbes’s Best States for Business list—despite high-profile campaigns for privacy, religious liberty, and life.
Read the full story from The Daily Signal
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