Gubernatorial Candidate Neel Kashkari To Propose Tax Breaks As Part Of Jobs Plan
Don't Miss This
- Women Respond To Ice Bucket Challenge By Raising Money For California Town With Dry Wells
- Stockton Man Pleads For Return Of Dog Stolen From His Car
- Sketch Released Of Suspect Wanted For 2 Stabbings Near Downtown Sacramento
- Roseville Woman Run Over By Own SUV, Dies
- U-Haul Crashes Into Citrus Heights Home, Hitting Baby’s Room
Get Breaking News First
SACRAMENTO, Calif. (AP) — Republican gubernatorial candidate Neel Kashkari says he would offer a 10-year corporate tax credit for companies that move to California, ask voters to divert nearly $10 billion in high-speed rail bond money to water storage projects and promote fracking for oil and natural gas.
The proposals are included in a jobs plan he is releasing Tuesday.
Kashkari’s plan calls for a 10-year corporate income tax moratorium on any business that brings at least 100 new jobs to California or any current company that opens a manufacturing plant.
He says he would sunset all state regulations after 10 years without special approval and push more robust reforms to the state’s environmental quality law.
The former U.S. Treasury official hopes to challenge Democratic Gov. Jerry Brown in November.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.