Hundreds of businesses have begun lining up to defend tax breaks under attack by a labor-sponsored initiative that recently qualified for the November ballot. Proposition 24, backed by the state teachers union, would repeal three tax changes that will save business an estimated $1.7 billion a year. State tax regulators estimate that about 120,000 businesses statewide could lose these breaks if the initiative passes.... Read more: http://www.labusinessjournal.com/news/2010/jul/05/business-groups-stand-guard-over-state-tax-breaks/