Pressure for tax cut by state is expected (California)

Mercury News ^ | July 15, 2006 | Steven Harmon

[FairOpinion]

One budget watchdog says business groups and their legislative allies are hoping to exploit the favorable revenue climate to seek tax credits that could amount to hundreds of millions of dollars, forcing even bigger budget cuts next year.

Legislative leaders signed a letter last month agreeing to discuss the tax credit in August, and Gov. Arnold Schwarzenegger has stated his support for it.

Nunez, D-Los Angeles, said he will work hard to get the film-credit bill passed this summer.

``If we don't provide tax relief, Hollywood production companies will leave California and we'll be without huge resources for our coffers,'' he said.

[FairOpinion]

Even some Dems are starting to figure out, that you can't tax businesses if they leave the state.

Angelides is not one of those who figured out this obvious truth.

[NorCalRepub]

...no kidding....what a loon....Calif is what?....about 15% of the nation's GDP....the higher that is, the more revenue Calif receives....

[peggybac]

``If we don't provide tax relief, Hollywood production companies will leave California and we'll be without huge resources for our coffers,'' he said.

Memo to Nunez: Production companies have been filming outside Califonia for years now. Canada gives the the best deals.

[calcowgirl]

Even some Dems are starting to figure out, that you can't tax businesses if they leave the state.
Angelides is not one of those who figured out this obvious truth.

Oops.

CA - Angelides: I'm open to tax breaks for film industry
Press-Enterprise ^ | June 29, 2006 | MICHAEL R. BLOOD
Posted on 06/29/2006 9:04:51 PM PDT by calcowgirl

They're all a bunch of pandering fools. With a $5 billion deficit this year, and similar numbers projected the next few years, how exactly will they pay for this Hollywood Handout to their celebrity friends?

[G-Man 1]

#1 From each according to his ability to each according to his needs. #2 We are going to take from you and give to the common good. #1 Carl Marx #2 Hillary Clinton. What more needs to be said.

[RKV]

Hollywood will pay for this pandering by contributing to Dem political campaigns. The rest of us will have to do with less or pay more - that's how this will get paid for. No one in Sacto will do the right thing and eliminate unneeded (unconstitutional) government functions.