California Gov. Arnold Schwarzenegger and resident Terminator, in between sobbing over pal John McCain’s resounding defeat to President-elect Barack Obama and worrying about this pending 10% sales tax increase, will call for a special session of the legislature to “stop the bleeding” in state spending, along with enacting tax incentives for Hollywood runaway production, Deadline Hollywood Daily asserts.
If Ah-nuld is able to coax the legislature into tax incentives for Hollywood, then the studios and industry may be in his debt. But most, including blogger Nikki Finke are not quite convinced that it will be all that possible. In the meantime, the entire state will have to make do with this 10% sales tax, if it actually ends up being ratified.