Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. LOOKING AHEADTaxes: The rewrite of U.S. tax law proposed by Republican lawmakers will go before the House Ways and Means Committee for debate starting Monday. If approved, City Council members would be eligible to be paid the median household income of Compton, which is $43,507 a year. Currently, council members and the mayor are paid a salary of $600 a month, or $7,200 a year. Columnist Michael Hiltzik says the tax plan is filled with “petty cruelties” aimed at the middle class.

Source: Los Angeles Times November 06, 2017 12:00 UTC