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Keyword: cataxcuts

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  • Movie tax cuts 'help struggling California economy'

    08/01/2010 1:54:02 PM PDT · by tflabo · 18 replies · 6+ views
    Yahoo News ^ | 07/31/10 | buzz up--Yahoo
    "A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger said. In a statement released Friday, the governor said the program was "creating and retaining tens of thousands of jobs and generating spending in California." "This is exactly why I fought so hard for tax credits in last year's budget," Schwarzenegger said. "Just the first two years of this incentive will generate two billion dollars in direct spending, with even more to come."