Re "State should get smart about its tax breaks" (Dan Morain, Jan. 9): Dan Morain's column was right on the money. It is time we review how the state allocates its tax incentives.
For the last two years, as chair of the Senate Labor Committee, I have worked on a statewide sector strategies approach, one that has been adopted by several states. More than two-thirds of California's economy is driven by about 15 different industry sectors, such as agriculture, high-tech, entertainment and tourism. We are not going to compete making socks. Instead, we must aggressively promote sectors where California has a competitive advantage.
If the state wants to give incentives for aerospace manufacturing, for example, it shouldn't matter where the company is located as long as it is in California. We need to shift to a strategic economic vision based on California's competitive advantages.
-- Sen. Ted W. Lieu, Torrance