REPEAL THE HOLLYWOOD TAX CUTS! Hollywood tax break prompts debate over economy.

A straightforward effort to extend a Hollywood tax break evolved into a robust debate Tuesday in the state Senate over California’s tax code and how it alternately punishes and favors certain industries.

Several lawmakers from both parties used the debate over SB1167 to say the Legislature should consider similar breaks for other industries, including high tech and biotech, while seeking to revamp the state’s tax code. Many said film and TV production is just one example of a major industry fleeing the state because of high costs and stifling regulations.

Republican Sen. Sam Blakeslee, of San Luis Obispo, argued for an overhaul of the state’s outdated tax system, saying it has become a burden on the state’s ability to boost its economy.

Lawmakers are “handing out tax credits to favored industries that are politically connected,” he said.

He noted that a detailed report issued by a tax-reform commission convened under former Gov. Arnold Schwarzenegger has been ignored.

Even some Democrats took the occasion to argue for a wider examination of personal and corporate taxes in the state. Sen. Loni Hancock, D-Berkeley, said she would oppose the extension of the Hollywood tax credit, favoring instead “a real discussion” that would lead to sufficient tax revenue for public schools and higher education.

Preach it, sister. Why should those fatcats with their yachts and private jets get a free ride?