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In fourteen years no bill has become law with the support of legislative Democrats. For many of those years leftists like Davis and Arnold have created and supported those bills.
The Left Wing Hollywood community--Democrats and Obama supporters almost all, begged Sacramento for $100 million in tax breaks, to "save" jobs. And they got it.
What is the "value" of this tax break?
"The rationale for this welfare program is to keep productions from fleeing to other states, taking California jobs with them. But you could go blind looking for an independent study, as opposed to studies funded by the state film commissions handing out the dough, showing that such programs produce more in overall benefits than they cost.
Quite the contrary according to Governing magazine, New Mexico, which had aggressively courted producers with $40 million in tax rebates, concluded in 2008 that for every dollar it spent, it received 14.4 cents in return."
Here is a novel idea. Audit the tax breaks--if they do not return at least dollar in revenues for a dollar in cost, end it. Maybe a business like approach is the answer.
More...
The Left Wing Hollywood community--Democrats and Obama supporters almost all, begged Sacramento for $100 million in tax breaks, to "save" jobs. And they got it.
What is the "value" of this tax break?
"The rationale for this welfare program is to keep productions from fleeing to other states, taking California jobs with them. But you could go blind looking for an independent study, as opposed to studies funded by the state film commissions handing out the dough, showing that such programs produce more in overall benefits than they cost.
Quite the contrary according to Governing magazine, New Mexico, which had aggressively courted producers with $40 million in tax rebates, concluded in 2008 that for every dollar it spent, it received 14.4 cents in return."
Here is a novel idea. Audit the tax breaks--if they do not return at least dollar in revenues for a dollar in cost, end it. Maybe a business like approach is the answer.
More...