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[3] [4] Texas is commonly seen as having little government intervention and regulation, while in California the state takes a larger role in public policies. [5] There are also exceptions, discussed as part of the perceived rivalry, in which Texas has increased state intervention against immigration and abortion whereas California has reduced ...
This is a list of U.S. states and territories by gross domestic product (GDP). This article presents the 50 U.S. states and the District of Columbia and their nominal GDP at current prices. The data source for the list is the Bureau of Economic Analysis (BEA) in 2024.
That’s not the only income group where taxes are higher in Texas than California, either: The middle 20% of earners in Texas — making $35,800 to $56,000 a year — pay 9.7% in state and local ...
Tourism is also an important part of California's economy. Yosemite National Park was established in 1890, followed by nine other national parks and seashores, [25] as well as various other protected areas across California. Disneyland, established in 1955, and other theme parks draw millions of visitors each year.
At the moment, trade economies in both Texas and California face some headwinds, including a slowing U.S. economy as a result of anti-inflation efforts, plus cutbacks by retailers and other buyers ...
Economy of California (21 C, 18 P) ... Economy of Texas (12 C, 15 P) U. ... Pages in category "Economy of the United States by state or territory"
Despite claims by California Gov. Gavin Newsom that California is “the beating heart of the American economy,” companies keep relocating. ... relocated its headquarters from California to ...
The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [ 7 ] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [ 8 ]