Fail: Chris Christie's New Jersey one of ten worst states for business climate

The rating is tied to tax rates. Christie's BFF Barack Obama must be proud.

Via WaPo:

Northeastern states dominate the bottom 10, thanks to higher taxes on corporations and complicated tax codes. New York came in last place, while Rhode Island, Vermont, Connecticut, New Jersey and Maryland all fell in the bottom 10. California, Wisconsin, North Carolina and Minnesota all have tax rates high enough to qualify for the bottom 10.
Expect the Republican Governors Association to celebrate the rankings: Seven of the top 10 states are run by Republican governors, while seven of the bottom 10 states are run by Democrats.
The rankings won’t stay static next year. Drenkard said a package of tax reforms signed by Gov. Pat McCrory (R) earlier this year will move North Carolina out of the bottom 10; had those tax rules been in effect by the July 1 beginning of the fiscal year, North Carolina would have qualified for 17th place on the list.