Plan gives tax break to subprime lenders

SACRAMENTO According to the L.A. Times, the plan would give a tax break to many large financial companies suffering record losses, including subprime lenders. The plan was introduced by Governor Arnold Schwarzenegger's administration.

Debate over the plan is being blamed for budget deadlock.

Opponents say smaller businesses that have had more modest revenue would not benefit from the tax break at all.

 

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