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 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.
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.
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.
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.
Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.