Monday, October 1, 2012

"Someone needs to ask the Governor why that sound economic logic doesn't apply to every other aspect of the economy. We need to ask Gov. Brown why he wants want to raise taxes on small businesses through Prop. 30 but lower them for the film industry?"

California GOP finds film tax credit curious - Evan Halper/LA Times

GOP officials used the credit approved by Gov. Jerry Brown on Sunday night, intended to help curb the flight of film productions out of California, to take a shot at him and his November ballot initiative to increase billions of dollars of other taxes.

"Presumably, the Governor believes that the lower tax rates will provide incentives for more films to be made here, resulting in more jobs," California Republican Party Chairman Tom Del Beccaro said in a statement. "More jobs will result in more tax revenue because working people pay more taxes."

Del Beccaro went on: "Someone needs to ask the Governor why that sound economic logic doesn't apply to every other aspect of the economy. We need to ask Gov. Brown why he wants want to raise taxes on small businesses through Prop. 30 but lower them for the film industry?"