EDITORIAL HALF CREDIT BUSINESS TAX REFORM IS TEMPERED BY ANTI-BUSINESS LAWS.CREDIT to the Los Angeles City Council  The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States. members: They haven't forgotten about business-tax reform. It seemed like they had since it's been nearly two years since the body adopted paltry pal·try adj. pal·tri·er, pal·tri·est 1. Lacking in importance or worth. See Synonyms at trivial. 2. Wretched or contemptible. reform in a first step. But on Tuesday, the council agreed to consolidate the city's 42 tax categories for businesses into nine, and cut business taxes by 4 percent across the board next year. The council is also considering approving a two-year city tax exemption tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for-profit, such as churches, colleges, universities, health care providers, various for startup businesses. But before council members congratulate themselves too much on their business-friendly actions (oops (Object-Oriented Programming System) See object-oriented programming. OOPS - "OOPS: A Knowledge Representation Language", D. Vermeir, Proc 19th Intl Hawaii Conf on System Sciences, IEEE (Jan 1986) pp.156-157. -- too late!), they must be chided for simultaneously pursuing anti-business laws such as the living-wage ordinance A law, statute, or regulation enacted by a Municipal Corporation. An ordinance is a law passed by a municipal government. A municipality, such as a city, town, village, or borough, is a political subdivision of a state within which a municipal corporation has been for hotels that they passed Wednesday. This is typical of the council, which gives even while it is taking away. The extension of the living-wage ordinance into the private sector does far more harm to the city and its efforts to attract well-paying jobs than the good done by the tiny cut in business taxes. |
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