Alex Padilla actually said...

The impact of foreign tax loopholes extends far beyond just the record profits and inflated corporate bonuses that we read about all too oft...

It seems to me this carve out is unacceptable, and has outlived whatever usefulness it might have had.

the tax exemption is secure, and that that will continue onward and be an important part of the financing effort

This type of systemic risk--financial risk, extends beyond wildfires, and has the potential to affect drought-stricken towns, heat-prone com...