Hollywood says: Tax cuts spur growth

Hollywood says: Tax cuts spur growth

Oct. 27, 2012

By John Seiler

Hollywood usually backs left-wing causes, such as tax increases and politicians who increase taxes. For example, Steven Spielberg and Barbra Streisand are big fans of President Obama. They agree with him that tax increases will spur growth, rather than retard it.

But Hollywood does insist that tax cuts boost growth for one group: themselves.

Here’s Amy Lemisch, executive director California Film Commission, writing a letter to the Wall Street Journal:

“Gov. Jerry Brown’s recent decision to extend our film and TV tax-credit program for an additional two years was supported by a uniquely broad bipartisan coalition of legislators, as well as business and labor groups from across the state for one simple reason: It works.

“Unlike the Massachusetts program referenced in your editorial, California’s tax credit is highly targeted and applies only to “below-the-line” spending, such as wages paid to carpenters, electricians and other crew members. Not a single dime of our tax credit goes toward salaries of highly compensated ‘above-the-line’ talent—in other words, those referenced in your editorial as ‘Hollywood’s mendicants.’

“Furthermore, independent studies (not just the ones you selected to reference) show that our program more than pays for itself in state and local tax revenue, not to mention direct and indirect jobs. Producers can’t claim a dime of our tax credit until after they pay their workers and complete all their in-state spending.”

A reader named Gary Stutz from Ben Lomond replied in another letter:

“Amy Lemisch, executive director of the California Film Commission, writes in her letter (Oct. 18) regarding tax credits for Hollywood that ‘our program more than pays for itself in state and local tax revenue, not to mention direct and indirect jobs.’ So, lower tax rates result in higher tax revenue and more jobs. Who knew?”

Of course, it’s total hypocrisy. Hollywood backs Brown’s Proposition 30 tax increase. In return, he backs continuing the tax cuts for Hollywood.

In the Hollywood movie “The Distinguished Gentleman,” Eddie Murphy learns how the same thing is done in the U.S. Congress:

10 comments

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  1. Bob
    Bob 27 October, 2012, 08:57

    Yup, tax cuts work for Hollyweird but the limousine liberals think they don’t work for anyone else.

    Remember old Billy and Hillary Clinton and the limousine liberals back in the ’90s?

    Here is a great video that exposes just how unbelievably corrupt the Clintons were.

    http://www.corbettreport.com/episode-247-requiem-for-the-suicided-vince-foster/

    Reply this comment
  2. Rex the Wonder Dog!
    Rex the Wonder Dog! 27 October, 2012, 08:58

    LOL..I know, THEY want the taax cuts/credits, but want taxes raised on the poor end everyone else.

    Reply this comment
  3. Ulysses Uhaul
    Ulysses Uhaul 27 October, 2012, 08:59

    In some alter universe CWD alarmists may find true happiness….otherwise, suck it up and pay your fees and taxes….your fate is in the real world….

    Reply this comment
  4. CalWatchdog
    CalWatchdog Author 27 October, 2012, 09:06

    Ulysses Uhaul: Our fate is in your name: Get a Uhaul and haul it out of Taxifornia.

    — John Seiler

    Reply this comment
  5. Ulysses Uhaul
    Ulysses Uhaul 27 October, 2012, 09:30

    I am just the charming affable messenger….fighting your fate that causes stress, constipation and general rise in beligerance against the poor, the kids, migrants and dutiful government workers. If moving helps….we will miss ya!

    Reply this comment
  6. us citizen
    us citizen 27 October, 2012, 13:42

    “They agree with him that tax increases will spur growth, rather than retard it.”

    Wait a minute……..exactly how does taking more of your money increase growth!

    If you have $10 and the govt takes $3……….you now have $7 to spend.
    If you have $10 and the govt takes $4……….you now have $6 to spend.

    Im pretty darn sure my little example makes a hell of a lot of sense.

    Reply this comment
  7. Ulysses Uhaul
    Ulysses Uhaul 27 October, 2012, 16:23

    No no no.

    The gov has the balance for investments in need services of our citizens….investments bunker boys detest…..but needed in a civilized society.

    Reply this comment
  8. Rex the Wonder Dog!
    Rex the Wonder Dog! 27 October, 2012, 17:15

    Wait a minute……..exactly how does taking more of your money increase growth!

    If you have $10 and the govt takes $3……….you now have $7 to spend.
    If you have $10 and the govt takes $4……….you now have $6 to spend.
    ==

    do NOT talk math with teddy, he doesn’t understand anything ….1+1=3 😉

    Reply this comment
  9. Ulysses Uhaul
    Ulysses Uhaul 27 October, 2012, 21:34

    Gov spends 4…….DAH!

    Reply this comment
  10. hollywood limo
    hollywood limo 4 February, 2013, 22:32

    I am just the charming affable messenger….fighting your fate that causes stress, constipation and general rise in beligerance against the poor, the kids, migrants and dutiful government workers. If moving helps….we will miss ya!

    Reply this comment

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