According to a press release issued today by Californians for Jobs and Safe Communities, the California Republican Party passed a resolution this weekend urging Republican legislators to:
vote to oppose the elimination of the California Enterprise Zone Tax Credit Program and look for further ways to expand tax credit programs to spur economic growth.
The party held its spring convention this weekend in Sacramento. According to the press release, the resolution received unanimous support from Republicans in committee during the convention on Saturday.
As of this hour on Sunday, the resolution is not mentioned on the Republican Party website; however, the full text was included in the press release, as follows:
Resolution Opposing Governor Brown’s Ill-Conceived Attempt to Eliminate California’s Enterprise Zone Tax Credit Program
Submitted by the Honorable George Runner
For consideration at the Spring Convention of the California Republican Party
March 18-20, 2011
Whereas, California businesses are struggling with economic recovery, burdensome regulations and high state taxes in the midst of the national economic downturn keeping unemployment at record high levels.
Whereas, Governor Jerry Brown – elected in November 2010 – promised to spur job creation and make California business friendly now proposes to eliminate one of the most successful programs that actually has created jobs in more than 40 communities across the state: the Enterprise Zone Tax Credit Program.
Whereas, California’s landmark Enterprise Zone Tax Credit Program is an economic driver that has been proven to create jobs, spur economic development and keep businesses open.
Whereas, in 2010 the program created or retained more than 118,000 jobs statewide while providing employment opportunities for more than 415 veterans returning home from serving our country.
Whereas, in 2010 the program saved California’s taxpayers an estimated $211 million by providing work instead of welfare and paychecks instead of unemployment benefits to more than 23,000 citizens.
Whereas, the California Enterprise Tax Credit Program and other proven job creators should be expanded, not eliminated.
THEREFORE BE IT RESOLVED BY THE CALIFORNIA REPUBLICAN PARTY that members of the Legislature vote to oppose the elimination of the California Enterprise Zone Tax Credit Program and look for further ways to expand tax credit programs to spur economic growth.