Clementine
Platinum Member
- Dec 18, 2011
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California proposes big tax breaks - only for Hollywood film industry.
No wonder Hollywood is so liberal. They don't get treated the same as other people when it comes to taxes. They can still preach about how the rest of us should pay more while they are singled out for big breaks.
The only thing wrong with this is that not enough people are being given tax credits. There are other businesses besides film makers that could use a break. California needs tax payers and if they would just expect everyone to pay a lower rate, they would be better off. Giving a select few tax credits while over taxing others is causing some to leave the state.
No wonder Hollywood is so liberal. They don't get treated the same as other people when it comes to taxes. They can still preach about how the rest of us should pay more while they are singled out for big breaks.
The only thing wrong with this is that not enough people are being given tax credits. There are other businesses besides film makers that could use a break. California needs tax payers and if they would just expect everyone to pay a lower rate, they would be better off. Giving a select few tax credits while over taxing others is causing some to leave the state.
Curtis Dubay, a tax policy expert at The Heritage Foundation, explained that California’s attempt to lure businesses through incentives does not provide a long-term solution to the state’s problem.
"It’s no surprise California has to bribe its headline industry to stay in the state. Its taxes make it uncompetitive for any industry to operate in the state without such sweeteners. But targeted tax credits are bad tax policy," said Dubay. "It would be better if California lowered taxes for everyone, rather than bestow indulgences on the politically connected."