Newsom's Handout: Hollywood Elites Overlook California's Needs
Submitted by MAGA
Posted 7 days ago
**Corruption in California: Newsom's $750 Million Handout to Hollywood Elites**
In a striking display of political favoritism, California Governor Gavin Newsom has proposed a staggering $750 million in tax incentives for Hollywood studios, even as the state grapples with a $68 billion deficit.
This controversial move comes amid critical budget cuts to essential services, including $375 million allocated to California State University and a notable $68 million slashed from wildfire prevention initiatives.
Despite the pressing needs of Californians, Newsom's administration is directing funds toward an industry that has already benefited from substantial financial breaks. The proposed incentives would allow Hollywood to recoup up to 35% of its spending, a dramatic increase from the previous 20%.
As schools struggle to meet educational standards and vital public safety programs face budgetary constraints, questions arise about the priorities of California's leadership.
The California Production Coalition, representing major studios such as Disney and Netflix, has been advocating for even bigger tax breaks, with demands that include lifting the cap on expenses and subsidizing exorbitant salaries for top-tier talent.
This hefty financial package raises eyebrows, especially given that Hollywood's actual impact on the state's economy is grossly overstated. Critics argue that the real beneficiaries of these tax breaks are powerful elites in the entertainment industry, who contribute significantly to Democratic campaign coffers.
Indeed, after Newsom faced a recall election driven by discontent with his handling of the COVID-19 pandemic, Hollywood donors flooded the governor's campaign with millions, ensuring his political survival. Now, he appears to be returning the favor with taxpayer dollars, securing his connections in anticipation of a future presidential run.
As California's small businesses continue to suffer from regulation and pandemic enforcement, it’s clear that the state’s priorities are skewed. The destruction of 7,500 small businesses during lockdowns has not deterred the governor from seeking to enrich Hollywood facilities over the crippling reality faced by everyday Californians.
Newsom's administration claims these incentives are essential for keeping film production in California, yet they have continuously prioritized Hollywood while neglecting the real backbone of the economy: small businesses and the working class.
In this glaring contrast between state spending and the need of its citizens, the California government’s actions serve as a reminder of the corruption that often permeates politics, prioritizing powerful insiders over the people they are obligated to serve.
As residents look on in disbelief, it becomes increasingly clear that the Golden State is rocketing toward a future that favors the elite few while turning a blind eye to the vast majority.
Sources:
headlineusa.com
frontpagemag.com
zerohedge.com
In a striking display of political favoritism, California Governor Gavin Newsom has proposed a staggering $750 million in tax incentives for Hollywood studios, even as the state grapples with a $68 billion deficit.
This controversial move comes amid critical budget cuts to essential services, including $375 million allocated to California State University and a notable $68 million slashed from wildfire prevention initiatives.
Despite the pressing needs of Californians, Newsom's administration is directing funds toward an industry that has already benefited from substantial financial breaks. The proposed incentives would allow Hollywood to recoup up to 35% of its spending, a dramatic increase from the previous 20%.
As schools struggle to meet educational standards and vital public safety programs face budgetary constraints, questions arise about the priorities of California's leadership.
The California Production Coalition, representing major studios such as Disney and Netflix, has been advocating for even bigger tax breaks, with demands that include lifting the cap on expenses and subsidizing exorbitant salaries for top-tier talent.
This hefty financial package raises eyebrows, especially given that Hollywood's actual impact on the state's economy is grossly overstated. Critics argue that the real beneficiaries of these tax breaks are powerful elites in the entertainment industry, who contribute significantly to Democratic campaign coffers.
Indeed, after Newsom faced a recall election driven by discontent with his handling of the COVID-19 pandemic, Hollywood donors flooded the governor's campaign with millions, ensuring his political survival. Now, he appears to be returning the favor with taxpayer dollars, securing his connections in anticipation of a future presidential run.
As California's small businesses continue to suffer from regulation and pandemic enforcement, it’s clear that the state’s priorities are skewed. The destruction of 7,500 small businesses during lockdowns has not deterred the governor from seeking to enrich Hollywood facilities over the crippling reality faced by everyday Californians.
Newsom's administration claims these incentives are essential for keeping film production in California, yet they have continuously prioritized Hollywood while neglecting the real backbone of the economy: small businesses and the working class.
In this glaring contrast between state spending and the need of its citizens, the California government’s actions serve as a reminder of the corruption that often permeates politics, prioritizing powerful insiders over the people they are obligated to serve.
As residents look on in disbelief, it becomes increasingly clear that the Golden State is rocketing toward a future that favors the elite few while turning a blind eye to the vast majority.
Sources:
headlineusa.com
frontpagemag.com
zerohedge.com
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