Los Angeles Business Journal

Gruel, Garcetti Unlikely Backers of Business Tax Cut

Thursday, February 28, 2013

In the debate over who should be the next mayor of Los Angeles, who would you suppose argues for elimination of a business tax to kick-start economic growth? Not necessarily two of the liberal Democrats in the race: City Controller Wendy Greuel and Councilman Eric Garcetti. The Los Angeles Times reports that the duo's support puts them at odds with not only Democratic Party orthodoxy nationally, but also several figures viewed as leading watchdogs on municipal finance.