By Jon Coupal | It’s good to be in with the “in” crowd, especially when the “in” crowd is made up of Sacramento politicians capable of doling out millions of dollars in tax credits.
Those currently in with the “in” crowd include any industry or company that can somehow attach “green” to their credentials. This helps explain why the state just provided the successful Tesla electric car company a $35 million tax subsidy. Yes, contrary to Kermit the Frog’s song “It’s Not Easy Being Green,” in California, it is easy being “green” because lawmakers are anxious to lavish benefits, at taxpayer expense, on those who claim a chlorophyll connection.
While the rumors that Kermit has applied for tax credits based on his being green are probably pure fiction, his parent company, Disney, may be about to apply for a handout based on their glamour factor.
That’s right, the glamorous are also part of the Sacramento “in” crowd, and nothing is more glamorous than Hollywood. That’s why Democratic Assembly members Gato and Bocanegra have introduced what they are calling the California Film and Television Job Retention and Promotion Act, legislation to extend and expand a state program that provides tax credits to movie makers …read more