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

There is a reason for both sides to compromise here for something that would be short of full repeal but would still provide a substantial reduction,

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.

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