Hollywood, legendary home of creative accounting, wants a new round of subsidies. David Sirota at Pando Daily:
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Now that California has a budget surplus, the question for the state’s lawmakers is pretty simple: Should they use all the new money to reverse recession-era cuts to social programs. Or, should they spend up to $400 million a year of the new resources on more taxpayer handouts to the film industry? Yesterday, 59 California state legislators called for the latter, sponsoring a bill to increase tax credits to the film and television industry. Call it yet another Hollywood heist, this one engineered with a double-shot of chutzpah.