
The Only Tax Relief To Businesses In LA Comes To Those Who Can Choose To Flee
On Saturday morning I was reading through MSM websites gathering news stories, and almost did a double-take when I came across one story filed by Phil Willon on the Los Angeles Times website — the headline said that the Los Angeles City Council had relaxed a tax on business.
The reason for the double-take, of course, is that the Mayor and almost all of the City Councilmembers of Los Angeles are liberal Democrats who undoubtedly are looking for more ways to gauge money from area businesses, not provide relief from taxation.
When I read more, however, it became very clear to me what was going on. The specific issue was the City Council providing tax relief to "internet-based" businesses. Or put another way, these are businesses that can very easily pick up and leave Los Angeles and not materially impact their business-model.
The Los Angeles City Council on Friday voted to cut business taxes for Internet-based firms that had … Read More