51�Թ�

The reason that our system is as broken as it is is because we've allowed the same kinds of corporate welfare policies to abound: whether it's in health care; whether it's in groceries; whether it's in food processing; whether it's in Big Tech and telecommunications.

Although he is critical that the tax breaks amount to "corporate welfare" for behemoth companies, Mr Worthington says they are a necessary evil if LA wants to compete - both Australia and the UK now have more lucrative tax breaks than California.

Some critics derided the plan as corporate welfare.

“It was just a concern of running it before we gave real tax relief to our constituents — kind of that juxtaposed look of what appears to be corporate welfare before you’re getting tax relief to the people,” Masterson said after deciding against having a Senate vote.

Republicans have derisively called those incentives “corporate welfare.”