
Governor Brown Would End Enterprise Zones To Feed Bigger Government
The appetite for more and more tax revenue by politicians in Sacramento is voracious. If you stand still while reading this column, there is a decent chance that some legislation will be drafted targeting your wallet or purse for a State Capitol “cashectomy” — so I would suggest you kind of move around while you read this.
In Governor Jerry Brown’s May Revision to his state budget, he proposed pretty much sticking a fork into the state’s nearly thirty year embrace of what are referred to as Enterprise Zones, or EZ’s for short, in what appears to me to be a back door de facto tax increase. What is an EZ? Mark Lifsher over at the Los Angeles Times succinctly describes them this way: “The 27-year-old enterprise zone program currently provides mainly large corporations but also small businesses with about $700 million a year in credits they can use to reduce the taxes they pay the state. The idea behind the 40 local enterprise zones is to create jobs in poor urban and rural areas by providing incentives to employers to hire local workers.”
In other words, EZ’s are an embrace of the idea… Read More