Written by by Katy Grimes at californiaglobe.com
California Governor Gavin Newsom announced that he is even more giving taxpayer-funded tax breaks to Hollywood.
350 company headquarters have left California for good, and Gavin Newsom just smugly watched them go.
But Newsom proposes expansion of the state’s film and TV tax credit program.
Hail Caesar!
Newsom made the announcement Sunday:
Governor Gavin Newsom today announced a proposal to expand California’s Film & Television Tax Credit Program to $750 million annually, a massive increase from the current $330 million annual allocation. This ambitious expansion would position California as the top state for capped film incentive programs, surpassing other states like New York.
So, Gov. Newsom is gifting La La Land, his reliable political support group, another $420 million, totaling $750 million, for making crappy movies that no one wants to watch.
California’s Les Misérables are struggling to make ends meet, forced to choose expensive gas or expensive groceries – this is Gavin Newsom’s California.
Newsom is gifting a billion dollar industry more tax breaks rather than California’s struggling small businesses. Instead Newsom told small business owners, “You’ll get nothing and like it.”