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California loses Fortune 500 crown to Texas as billionaire tax threat looms
Fox Business ^ | June 4, 2026 11:12am EDT | Kristen Altus

Posted on 06/05/2026 1:53:31 AM PDT by Olog-hai

A shifting economic landscape has culminated in Texas dethroning California as the nation’s premier hub for Fortune 500 companies.

Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.

Additionally, corporations in Texas generated $2.8 trillion in revenue, while those in California reported $2.7 trillion in revenue.

“Texas is the undisputed headquarters of headquarters,” Texas Gov. Greg Abbott said in a press release reacting to the news. “The world’s leading businesses invest with confidence in Texas because of our welcoming business climate, predictable regulatory environment, and skilled and growing workforce. People and businesses are choosing Texas because Texas works.” […]

The Service Employees International Union–United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement — to place a one-time tax on billionaire assets on the California ballot. …

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events; US: California; US: Texas
KEYWORDS: abbott; billionairetax; braindrain; fortune500; newscum; newsom; seiu; taxes; texas; thieves; unions

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1 posted on 06/05/2026 1:53:31 AM PDT by Olog-hai
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To: Olog-hai

Great. Move ‘em out!


2 posted on 06/05/2026 2:17:51 AM PDT by alstewartfan (I AM Charlie Kirk. ❤️✝️)
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To: Olog-hai

We (Pittsburgh) used to be third in Fortune 500 headquarters... more than 40 years ago. It was depressing during the changes if the 80s here.


3 posted on 06/05/2026 3:12:08 AM PDT by PghBaldy (12/14/12- 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts photo-op locations.)
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To: Olog-hai

As long as they leave their crazy in Crazyfornia.


4 posted on 06/05/2026 3:31:06 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: BradyLS

That’s the truth!


5 posted on 06/05/2026 3:34:16 AM PDT by southernindymom
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To: BradyLS

You know they won’t. They just have not done it right yet.


6 posted on 06/05/2026 3:50:42 AM PDT by pas
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To: Olog-hai

Nea nea nea nea boo boo.


7 posted on 06/05/2026 3:53:43 AM PDT by yldstrk
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To: Olog-hai

California will NEVER get that title back. They have sealed their fate.


8 posted on 06/05/2026 4:31:49 AM PDT by johnnygeneric (RIP NYC)
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To: Olog-hai

Who wants to live in sicko California? I got outta there 25 years ago! As fast as I could!


9 posted on 06/05/2026 5:48:09 AM PDT by Savage Beast (When the student is ready, the teacher appears. When the people are ready, the hero appears.)
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To: Olog-hai

Great news for Texas. Now let’s see how fast Texas screws it up.


10 posted on 06/05/2026 5:57:28 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: Opinionated Blowhard

Bad news for Texas. More liberals.


11 posted on 06/05/2026 5:59:51 AM PDT by dfwgator ("I am Charlie Kirk!")
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To: Olog-hai

SEIU IS A JANITOR UNION......


12 posted on 06/05/2026 7:39:27 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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