The studios that want higher taxes also want a special tax
credit.
From the WSJ: The Hollywood fashion "hobo chic"
probably seems bizarre to most people. But perhaps celebrities are merely
emulating the well-heeled production companies that have just hit up California
taxpayers for another $200 million. Is this what Hollywood liberals call social
justice?
Governor Jerry Brown this week signed a two-year extension
of a film and television tax credit that his Republican predecessor Arnold
Schwarzenegger supported in 2009. The credit is essentially a dolled-up
subsidy. For every dollar that production companies spend on a project in the
state, they get credited 20 to 25 cents against their state sales and income
taxes. Nice ...
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