California Republican Party Statement on Gov. Brown Signing Bill Extending Tax Breaks for Film Industry

BURBANK, CA - The California Republican Party today made the follwing statement regarding California Governor Jerry Brown signing Assembly Bill 2026, which extends the $100 million annual tax break for California motion picture companies:

"Gov. Brown just signed the bill that extends tax breaks for the film industry. Presumably, the Governor believes that the lower tax rates will provide incentives for more films to be made here, resulting in more jobs. More jobs will result in more tax revenue because working people pay more taxes.

"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?"