Neel Kashkari, the former U.S. Treasury official running for the Republican nomination for governor of California, said if elected he’d offer tax breaks to companies moving to or expanding in the state to boost jobs.
California Governor Jerry Brown, who decries a widening gulf between rich and poor, is campaigning for a fourth and final term presiding over a state that’s outpacing the U.S. in producing both millionaires and food-stamp recipients.
California Governor Jerry Brown has amassed $17 million from a well of donors including Exxon Mobil Corp., Facebook Inc., Microsoft Corp. and even porn mogul Larry Flynt for a re-election campaign without saying he plans to run.
Neel Kashkari, the former head of global equities at Pacific Investment Management Co., said Pimco founder Bill Gross and his former co-head of investments Mohamed El-Erian had a “constructive” relationship during the time Kashkari was at the firm.
Lawmakers and President Barack Obama probably will strike a deal in a post-election session of Congress to defer most of the $700 billion in expiring tax cuts and spending reductions known as the fiscal cliff, said Neel Kashkari, Pimco’s managing director and head of global equities.
Goldman Sachs Group Inc.’s current and former employees, including former U.S. Treasury Secretary Henry Paulson, have helped Republican Neel Kashkari raise almost $1 million in his bid for California’s governorship.