re: Three things JBE could do to reduce deficit without all his new taxes & without cutting--

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1) eliminate payments and issuance of film tax credits-
Lawsuit, won't happen

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Notice I said to limit them to $10 million a year. We have already limited them to $180 million a year so why can't we limit them further?

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Help me out with this. What is this referring to? What would it be listed as in the tax exemption budget and/or statute?

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Is the fracking credit we give drillers---basically we give them exemptions from the severance tax until the entire cost of the well has been recouped