Newsom's Spending Did This... Now Businesses Are Fleeing CA episode artwork

EPISODE · Dec 26, 2025 · 26 MIN

Newsom's Spending Did This... Now Businesses Are Fleeing CA

from News For Reasonable People · host Sean Reynolds

Deadbeat Newsom defaults on $20 billion—and guess who's paying? While every other state in America used federal funds to responsibly pay off their COVID unemployment loans, California chose a different path: stimulus checks for voters and zero dollars toward the debt. Now businesses are stuck with automatic payroll tax hikes that escalate $21 annually, with surcharges projected to exceed $400 per worker. Meanwhile, Newsom had a $100 billion budget surplus in 2022 but didn't use a dime to help employers. Texas paid off their debt. Florida paid off their debt. Even Washington paid theirs. But California? They're too busy funding illegal immigrant healthcare and virtue signaling to care about the businesses fleeing the state in droves. Budweiser just closed their last Bay Area brewery—think that's just about beer sales? How long can businesses survive when California keeps piling on "the greatest hidden tax" while maintaining the nation's highest unemployment rate? Is anyone surprised Newsom wants to run this playbook nationally in 2028? Drop your thoughts below, and if you're tired of watching taxpayers get fleeced, subscribe and share this with every business owner you know.

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Newsom's Spending Did This... Now Businesses Are Fleeing CA

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