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Wednesday, February 10, 2010

CTA takes on corporate tax breaks: The Educated Guess

The Educated Guess
CTA takes on corporate tax breaks
Posted in Revenue and taxesTaxes
One way or the other, the California Teachers Association and business interests were headed for a mighty battle this November over taxes. Now it’s clear what they’ll be fighting over.
On Sunday, delegates for the 325,000 member union voted to back initiatives to rescind corporate tax breaks (see initiatives #1412 and #1375), passed a year ago under cover of darkness, that eventually will cut state revenues by an estimated $1.7 billion. Backing up its vote with dollars, the CTA has committed $587,000 to gather 434,000 signatures needed to put it on the ballot.
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