{"id":11517,"date":"2010-04-14T00:55:52","date_gmt":"2010-04-14T00:55:52","guid":{"rendered":""},"modified":"2010-04-14T00:55:52","modified_gmt":"2010-04-14T00:55:52","slug":"california-senate-to-improve-tracking-of-corporate-tax-subsidies","status":"publish","type":"post","link":"https:\/\/calitics.com\/index.php\/2010\/04\/14\/california-senate-to-improve-tracking-of-corporate-tax-subsidies\/","title":{"rendered":"California Senate to Improve Tracking of Corporate Tax Subsidies"},"content":{"rendered":"<p><b><i>Florez, CALPIRG join forces to raise state&#8217;s &#8220;D&#8221; grade for reporting spending<\/i><\/b><\/p>\n<p>SACRAMENTO &#8211; Senate Majority Leader Dean Florez (D-Shafter) will hold a news conference Wednesday morning in Sacramento, introducing legislation to bring greater transparency to state spending, particularly billions of dollars in corporate tax subsidies.<\/p>\n<p>A lack of reporting on tax subsidies given to corporations in California was one reason California received a &#8220;D&#8221; grade today on its reporting of government spending, based on a report introduced by bill sponsor California Public Interest Research Group (CALPIRG).<\/p>\n<p><a href=\"http:\/\/cdn.publicinterestnetwork.org\/assets\/3b89eaafe18f4eafbd50d692010a60b3\/Following-the-Money-CALPIRG-Education-Fund.pdf\">http:\/\/cdn.publicinterestnetwo&#8230;<\/a><\/p>\n<p><b><i>Corporations in California are projected to receive more than $4 billion in tax subsidies from the state this year, yet the state lacks the transparency of requiring corporations to release tax breaks they receive that are over $1000.<\/i><\/b><\/p>\n<p><b>Florez is joining CALPIRG in introducing legislation to correct this situation.<\/b><\/p>\n<blockquote><p>&#8220;There are many valuable purposes for these subsidies, from economic development to job creation,&#8221; said Florez, &#8220;But these corporations need to be held up to a public light, both to keep them honest and meet the ultimate goals of the subsidies, and in fairness to the hardworking taxpayers of this state.&#8221;<\/p><\/blockquote>\n<p>In CALPIRG&#8217;s report, California was credited with making efforts to become more transparent, but, as CALPIRG consumer advocate Pedro Morillas noted, &#8220;Given the current severity of our budget problems, Californians need to be confident that they can follow the money.&#8221;<\/p>\n<p>Florez&#8217;s bill on tracking of state tax subsidies will be introduced in the Sixth Extraordinary Session relating to Tax Reform. &nbsp;Wednesday&#8217;s news conference will be held at 10:30 a.m. in Room 313 of the California State Capitol.<\/p>\n<p><i>Cross-Posted From CaCampaign2010NewsWire.com<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p><b><i>Florez, CALPIRG join forces to raise state&#8217;s &#8220;D&#8221; grade for reporting spending<\/i><\/b><\/p>\n<p>SACRAMENTO &#8211; Senate Majority Leader Dean Florez (D-Shafter) will hold a news conference Wednesday morning in Sacramento, introducing legislation to bring greater transparency to state spending, particularly billions of dollars in corporate tax subsidies.<\/p>\n<p>A lack of reporting on tax subsidies given to corporations in California was one reason California received a &#8220;D&#8221; grade today on its reporting of government spending, based on a report introduced by bill sponsor California Public Interest Research Group (CALPIRG).<\/p>\n<p><a href=\"http:\/\/cdn.publicinterestnetwork.org\/assets\/3b89eaafe18f4eafbd50d692010a60b3\/Following-the-Money-CALPIRG-Education-Fund.pdf\">http:\/\/cdn.publicinterestnetwo&#8230;<\/a><\/p>\n<p><b><i>Corporations in California are projected to receive more than $4 billion in tax subsidies from the state this year, yet the state lacks the transparency of requiring corporations to release tax breaks they receive that are over $1000.<\/i><\/b><\/p>\n","protected":false},"author":1529,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[87],"tags":[8690,1307,8082,3390],"class_list":["post-11517","post","type-post","status-publish","format-standard","hentry","category-87","tag-8690","tag-1307","tag-8082","tag-3390"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-2ZL","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/11517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/1529"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=11517"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/11517\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=11517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=11517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=11517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}