The Governor’s launch of the special legislative session generated a lot of media attention today.  Here is a roundup of links:

Video of the Governor’s announcement and press conference.

The Governor’s official press release.

The Sacramento Bee: “Schwarzenegger proposes tax increases, employee furloughs.”

Sacramento Bee Capitol Alert: “What taxes Schwarzenegger wants to raise.”

The San Francisco Chronicle: “Governor: Tax hikes, spending cuts to fix budget.”

Los Angeles Times: “Schwarzenegger calls for sales tax hike, cuts in services.”

PDF summary of employment stimulus proposals. This includes a new tax credit:

Keep Television And Film Production In California: Provide targeted tax credits from 20-25% to the film and television industry to help keep production in California – focusing on new production and production returning to the state. Keep thousands of jobs in the state. California’s share of TV and film production activity has slipped from 66 percent to 31 percent in the past five years; this proposal would seek to bring back some of that share. Every $100 that is spent on production in California generates $285 in economic output.