California's 'Crippling' Business Taxes Are Not That High

When California business people meet, the talk often turns to how tough the state is on business. That's also a favorite theme of politicians, Democrats as well as Republicans. Now comes the Council on State Taxation — or COST -- a business-friendly group led by senior executives of Chevron and General Electric. It concludes that the biggest state in the union is right in the middle when it comes to taxes. Joseph Crosby is the senior director of policy.