State Panel Wants to Cut Taxes for Corporations and the Rich

A state “blue ribbon” panel is proposing to give more tax breaks to the wealthy, while slashing corporate taxes in order to solve California’s continuing budget problems. If the panel’s recommendations sound a bit loony, that should come as no surprise considering that its chairman, Gerald Parsky, is a Republican operative who nearly wrecked the successful UC pension system several years ago with an ill-thought-out scheme to privatize the management of it.