I don't think it's out of the ordinary because revenue estimating is always difficult.

These vetoes basically say to these people that they can flout the law without repercussions, ... Ordinary taxpayers can't do that.

Various companies have sought refundable credits, and those have been rejected as essentially corporate welfare or handouts based not on economics but solely based on special pleadings.

The fact that Hollywood productions use famously creative accounting is no reason to compromise a basic principle of our tax system.

It's going to be rewarding activity that's already taking place in California ... so there is nothing but revenue being given away,

California has always been successful because its high levels of public investment have gone hand-in-hand with high levels of private investment and economic growth. We're never going to be a low-wage, low-cost state. So we need to be a high-productivity state, and that involves substantial investments in education and infrastructure.