Surprise! Unions, Legislature admit taxes kill jobs, then cut taxes

by CalWatchdog Staff | August 17, 2012 11:24 am

[1]Aug. 17, 2012

By John Seiler

The Democrats in the Legislature are backing Gov. Jerry Brown’s $8.5 billion tax increase, Proposition 30 on the November ballot. They’re saying it’ll increase jobs by “investing” in California’s future.

But they’re also saying that tax increases kill jobs and that tax cuts are needed to promote jobs — for the powerful Hollywood film industry, whose leftist producers, directors and actors give big Spacebucks to Democats. What a coincidence.

The story[2]:

“The California Assembly overwhelmingly approved a bill that would preserve funding for the state’s film and television tax credit.

“The Assembly voted 70-4 in favor of the bill, which extends funding for the program another two years. California allocates $100 million annually toward tax credits, which are doled out by lottery because of limited funds. Funding was due to expire next year.

“The film industry had been pressing for a five-year extension to show the state’s commitment to the industry, which is being lured away by other states with strong incentives. But that proved a tall order in light of the state’s budget woes.”

The left-wing Directors Guild of America, left-wing Teamsters union, and left-wing SAG-AFTRA (screenwriters) union said in a statement:

“Without the extension, the State of California will have no chance of competing with more than 40 states and many foreign countries that offer generous incentive programs to retain and attract qualified motion pictures and television programs, resulting in the loss of tens of thousands of middle class jobs and all the ancillary economic benefits that a thriving entertainment industry brings to the economy.”

What these left-wingers really are saying is: “Cut our taxes and pay for it by raising taxes on everybody else, including the sales-tax increase in Prop. 30.”

But if tax cuts are good for left-wing Hollywood, then what the rest of us need is tax cuts — not the Prop. 30 or other tax increases.

 

Source URL: https://calwatchdog.com/2012/08/17/surprise-unions-legislature-admit-taxes-kill-jobs-then-cut-taxes/

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