March 9, 2009

Will The Big Budget Tax Break Pay Off?

Last month's mammoth budget deal was widely known to have included a relatively large tax increase to help erase a $40 billion deficit. Not so widely known, though, was that it also included a tax break for some of the nation's biggest businesses.

And depending on which side you talk to, that tax break was either an important stimulus to the California economy... or a big giveaway to the politically powerful.
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