economy
February 26, 2026
Is Abigail Spanberger's Virginia the new California?
In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to give readers the full picture. You can find our full list of In Focus pieces here.
TL;DR
- Virginia is being compared to California due to policies perceived as harmful to businesses.
- Boeing is relocating its Defense, Space & Security headquarters from Virginia to St. Louis.
- Several companies, including Chevron, Palantir Technologies, and Playboy Enterprises, have moved their headquarters out of California due to high taxes and regulations.
- Companies are relocating to states like Texas and Florida, which offer lower taxes and less regulation.
- California's proposed 'Billionaire Tax Act' is facing opposition and is expected to impact high-net-worth individuals.
- Governor Spanberger's recent policy decisions in Virginia are seen as mirroring those that have led to business departures in California.
Continue reading the original article