And politicians certainly enjoy making their constituents happy, which means that proposals for creating new tax breaks are a perennial favorite in Sacramento. There’s just one hitch: Tax breaks cost money, in the form of lower government revenue. But there would be a lot more money if not for the state’s hundreds of small and large tax breaks. A review of bills now pending in the Legislature shows a variety of new tax breaks being proposed. Other ideas are smaller but include the kinds of tax breaks that add up over time.

Source: Los Angeles Times March 26, 2017 07:07 UTC