Business Update on KPCC: Beware of those tax breaks

Through the first seven months of the year, California has received $700 million less in corporate tax revenue than what state officials had been expecting. One reason for that is the huge number of tax breaks the state gives out to businesses, often for little fiscal gain. I chat about that with Steve Julian, along with the questionable estimates of new jobs to be generated from the downtown stadium. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump.