That Ahnold-Backed Hollywood Welfare Bill?

Matt Welch | August 26, 2005

It won't just provide targeted tax breaks (already bad enough, IMO) -- it will "offer cash refunds even when no taxes are paid." Which is Pig-Latin, for "subsidies."

The $3 million-per-pic maximum giveaway also depends on deciphering Hollywood's budgeting and profit/loss voodoo, so that should be funny. California's current budget deficit, which for some reason is never mentioned in those new-study-proves-we-need-subsidies stories, is still around $7.5 billion.