LA County sales tax increase creates nation's highest rate

FOX Business' Kelly Saberi reports on the new LA County sales tax increase, which raises the rate from 9.75% to 10.25% on 'America Reports.'

Los Angeles County residents face the nation's highest sales tax rate after voters narrowly approved an increase from 9.75% to 10.25%. The measure, expected to generate $1 billion annually for healthcare funding, sparks concern among business owners like Michael Miller. LA County Supervisor Kathryn Barger warns the hike will drive consumers to neighboring counties.