Brown Wants $1B Tax Break To Keep Jobs In California
LOS ANGELES (CBS) — Governor Jerry Brown unveiled a plan Thursday to make business more lucrative and keep payrolls growing at companies in California.
KNX 1070's Charles Feldman reports one of the proposals include repealing a piece of legislation that Brown calls a jobs killer.
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Brown wants to end a law that gives tax breaks to out-of-state companies that pull jobs out of California while hitting firms with a tax hike for creating jobs in California.
"As people get how outrageous it is to raise people's taxes every time they create a job in California and to lower them every time they create a job outside California, I think some of the Republican legislators would want to take a hard look at that," Brown said.
In addition to expanding employee tax credits, the proposal also calls for the state to use an estimated $1 billion that would provide sales tax exemptions for startup manufacturers and existing firms to boost their in-state payrolls.
He also proposes expanding employee tax credits for companies.
But Brown has not had luck with Republican legislators since returning to Sacramento and refused to say which lawmakers — if any — might support him.
