Hard to miss the irony of this past week when a Kentucky Senate committee had a hearing on government spending transparency just as twin legislative secrecy bills were offered by the leaders of each chamber (here and here).
By the same token, our lawmakers seem increasingly determined to give taxpayer money to motion picture productions just as Wisconsin is trying to dump their movie subsidies program and Pennsylvania has figured out that they are losing $57 million a year on their scheme to bring Hollywood to the Keystone State.
Saturday, February 28, 2009
Stupid is as stupid subsidizes
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2 comments:
David:
Nice to see I'm not the only voice calling out against the increase in film tax credits in this incentive bill. A study by the LRC shows that the state would lose somewhere in the neighborhood of $77 million dollars in the first two years alone. That just happens to be when they say they will need to fix the imbalance in the state tax structure, and here they are, trying to throw money hand over fist at Hollywood. I've pointed this out repeatedly on my blog.
Eddie Runyon
Thanks Eddie. I think the majority of the state Senate can do the math on this but my confidence in them isn't what it used to be.
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