The Los Angeles Times that California State Senator Hannah-Beth Jackson ’71 is sponsoring a bill, SB 956, to assess tax expenditures鈥攃ommonly known as “loopholes”鈥攖hat are costly to the state treasury. If passed, the bill would authorize an economic research team to examine tax credits, exemptions, and exclusions to determine whether the expenditures are beneficial to the state. 鈥淲e鈥檙e needing money,鈥� Jackson told the Times. 鈥淲e鈥檙e looking at $10 billion to $18 billion being cut from education. We鈥檝e also got these wildfires. They鈥檙e not going away just because there鈥檚 a pandemic.鈥�