Krekorian calls for end of LA gross receipts tax

krekorianAt a recent Valley Industry & Commerce Association mixer, Los Angeles Councilman Paul Krekorian, who represents a large swath of the San Fernando Valley, called for the elimination of the city’s gross receipts tax. He stated that it is important to promote the creation of jobs and the tax makes the city less competitive when it comes to attracting new businesses. It is refreshing to hear pro-business proposals coming from a Councilmember who represents a fairly liberal council district. However, it remains to be seen how much headway the Councilmember could make on the subject when the City deficit is growing and perhaps the majority of the Council takes less equitable approach to business issues.