By Tim Redmond
Calitics has the scoop on one of the most insane parts of the budget debate — just as the governor is talking about massive, mind-numbing cuts in public services, the state is about to give a big tax break to large corporations.
Lenny Goldberg, of the California Tax Reform Association, puts it this way:
“This is the gutting of the state corporate tax,” said “In fact, they did it so badly that lawyers are chuckling about the opportunities for tax avoidance.”