Jerry Brown seeks to eliminate firms' ability to choose between California tax formulas

The L.A. Times reports:

One of the hottest debates over Gov. Jerry Brown's $84.6-billion budget involves a $1-billion corporate tax break that businesses promise will spur job growth but that independent analysts say actually gives California companies an incentive to expand out of state.

The tax provision took effect only last week. Now, Brown would like to repeal it.

Great moments in Blue America.