Gov. Newsom to propose tax cut for new small businesses with May Revise budget
California Gov. Gavin Newsom is set to propose a 50% tax cut for hundreds of thousands of small businesses, as part of his revised budget presentation on Thursday. The proposal to benefit an estimated 250,000 new businesses each year is part of the updated look at Newsom's budget priorities for the upcoming fiscal year, known as the May Revise.
California Gov. Gavin Newsom is set to propose a 50% tax cut for hundreds of thousands of small businesses, as part of his revised budget presentation on Thursday. The proposal to benefit an estimated 250,000 new businesses each year is part of the updated look at Newsom's budget priorities for the upcoming fiscal year, known as the May Revise.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
