Friday, April 01, 2016

The Expanding Supply of Free Money

There is Georgia; there's California and England and Canada. Also too, there is now the state to our north ...

Unions representing Oregon workers in film and television are celebrating the expansion of the state’s Film & Video Tax Credit. Last year, the Oregon Legislature renewed the $10-million-a-year tax credit program through Jan. 1, 2024. This year, they expanded it — increasing the cap to $12 million in 2016 and $14 million in 2017 and thereafter. Both moves were uncontroversial, passing with just seven no votes in the Legislature.

The tax credit costs the Oregon treasury, but its supporters — including the Screen Actors Guild/American Federation of Television and Radio Artists (SAG/AFTRA) and the International Alliance of Theatrical Stage Employees (IATSE) Studio Mechanics Local 488 — say it incentivizes TV and film productions to choose Oregon. Oregon competes with as many as 30 other states for TV and film work with tax and other public subsidies. ...

This is trickle down at its best. Our fine entertainment conglomerates get the tax subsidy, and the workers who create the movies and TV shows get the crumbs.

Free enterprise, fck yeah!


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