UPDATE: Final Election Results: Wendy Greuel Concedes On Congress Bid; Tax Credit Co-Sponsors Win; Patric Verrone Loses Senate Seat

Loading video...

The Politics Of Hollywood Tax Credits

Gov. Jerry Brown has been mum on whether he supports the buffed up California Film and TV Tax Credit Program bill that just passed the state Assembly, but others who strongly favor the legislation are alive and well after yesterday's votes were tabulated. Dominic Patten reports.

UPDATED, 11:14 AM: Former DreamWorks executive Wendy Greuel has conceded after coming up short in her Congressional bid. The Democrat finished third in the race to succeed retiring long-time U.S. Rep. Henry Waxman, earning 17% of the vote compared with Republican Elan Carr (23%) and Democrat Ted Lieu (19%) in a crowded field of 17 candidates. Lieu and Carr will face off in the Nov. 4 general election for one of the wealthiest districts in the nation, and a district where Democrats from around the country have long come to raise money for their own races. The mostly coastal district includes heavily Democratic areas such as Santa Monica, Malibu, Westside Los Angeles, Beverly Hills and more conservative areas on the Palos Verdes Peninsula, and in Agoura and Calabasas.

Related: It’s Time To End Lottery For Calif. Tax Credit Program (Video)

Incumbent Assembly Democrats Mike Gatto and Raul Bocanegra, who co-sponsored legislation to expand California’s Film and TV Tax Credit Program, cruised to easy primary victories Tuesday and are likely to win re-election in November. Their film tax credit bill, which was approved unanimously by the state Assembly last week, now moves on to the state Senate, and if approved there, it will go to the governor. Whether the budget-conscious Gov. Jerry Brown will sign it remains to be seen, though two years ago he signed a two-year extension of the program. In his race, Gatto got 67% of the vote against Republican challenger Todd Royal, who only got 33% in the heavily Democratic 43rd Assembly District. Bocanegra received 63% of the primary vote in the 39th District against fellow Democrat Patty Lopez (23%).

Related: Where Hollywood’s Union Jobs Are Going: The Runaway 3 States

(more…)

This article was printed from https://deadline.com/2014/06/california-election-results-jerry-brown-wendy-greuel-739975/