LA Times Got It Right … ‘Brakes on Tax Breaks’
VOICES--Recently, the LA Times wrote an editorial urging our LA City Councilmembers to “put the brakes on all these tax breaks,” and as a Los Angeles taxpayer, I couldn’t agree more. The piece mentioned several specific examples of tax breaks conceded by “City leaders,” worth “half a billion dollars that have been approved in recent years,” to fund various hotel projects underway in Downtown Los Angeles. Moreover, there was a tax break recently awarded by the City councilmembers to a private Hotel developer worth $103.5 million dollars that was taken without public or council comment.