California Gov.

Putting the film and tax credit in jeopardy even for a year could send shockwaves through the industry.

The risk of the tax credit going away altogether would be catastrophic.

The California capitol in Sacramento

The California capitol in SacramentoPhoto by Arturo Holmes/Getty Images for National Urban League

No one will be served by the uncertainty this will cause for the film and TV industry in California.

Studios have yet to weigh in.

A spokesperson for the Motion Picture Association said they have no comment.

California Gov. Gavin Newsom

Backers of the proposed ballot initiative have a different interpretation of its impact on the film and TV incentive.

These scare tactics wont work.

TPA continues to be extremely popular with voters, who are demanding more accountability from their elected officials.