Friday, June 14, 2013

6/14/13 - Texas legislature passes tax cuts for businesses; California Faces a New Quandary, Too Much Money


Today's Articles:

Reuters
May 27, 2013
"Texas legislature passes tax cuts for businesses"

"The tax-cut package - the final piece of which was approved by the House and Senate late on Sunday - includes an extension of a business franchise tax exemption for small businesses and a rate cut for businesses of all sizes."

The New York Times
May 25, 2013
"California Faces a New Quandary, Too Much Money"

"After years of grueling battles over state budget deficits and spending cuts, California has a new challenge on its hands: too much money. An unexpected surplus is fueling an argument over how the state should respond to its turn of good fortune."
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