{"id":2258,"date":"2015-06-05T15:13:28","date_gmt":"2015-06-05T20:13:28","guid":{"rendered":"http:\/\/www.brandylion.com\/?p=2258"},"modified":"2015-06-05T15:13:28","modified_gmt":"2015-06-05T20:13:28","slug":"inside-a-hollywood-heist","status":"publish","type":"post","link":"http:\/\/www.brandylion.com\/?p=2258","title":{"rendered":"Inside a Hollywood heist"},"content":{"rendered":"<blockquote><p>One measure of the true cost of these programs is whether states recoup their subsidies through increased tax revenue. A <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.cbpp.org\/research\/state-film-subsidies-not-much-bang-for-too-many-bucks?fa=view&amp;id=3326\" rel=\"nofollow\" data-href=\"http:\/\/www.cbpp.org\/research\/state-film-subsidies-not-much-bang-for-too-many-bucks?fa=view&amp;id=3326\">comprehensive review<\/a> of the recent literature produced by states in 2009 (when these programs were at their peak) finds consistent, negative results. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.ct.gov\/cct\/lib\/cct\/Film_Tax_Credit_Study_-_Final.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.ct.gov\/cct\/lib\/cct\/Film_Tax_Credit_Study_-_Final.pdf\">Connecticut<\/a> got\u00a0.07 for each dollar it gave away in tax credits. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.opportunitylouisiana.com\/assets\/LED\/docs\/Performance_Reporting\/ERA_Entertainment_Report.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.opportunitylouisiana.com\/assets\/LED\/docs\/Performance_Reporting\/ERA_Entertainment_Report.pdf\">Louisiana<\/a> looked at it twice and found it got either $.13 for $.18 for each dollar spent on tax credits. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.mass.gov\/Ador\/docs\/dor\/News\/2009FilmIncentiveReport.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.mass.gov\/Ador\/docs\/dor\/News\/2009FilmIncentiveReport.pdf\">Massachusetts<\/a> got $.16 on the dollar. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.senate.michigan.gov\/sfa\/Publications\/Issues\/FilmIncentives\/FilmIncentives.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.senate.michigan.gov\/sfa\/Publications\/Issues\/FilmIncentives\/FilmIncentives.pdf\">Michigan<\/a> got $.11 for each dollar. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.nmlegis.gov\/lcs\/lfc\/lfcdocs\/film%20credit%20study%20TP&amp;JP_08.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.nmlegis.gov\/lcs\/lfc\/lfcdocs\/film%20credit%20study%20TP&amp;JP_08.pdf\">New Mexico<\/a> got $.14, and <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/lbfc.legis.state.pa.us\/reports\/2009\/35.PDF\" rel=\"nofollow\" data-href=\"http:\/\/lbfc.legis.state.pa.us\/reports\/2009\/35.PDF\">Pennsylvania<\/a> got $.24 for each dollar. <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/www.stop-runaway-production.com\/wp-content\/uploads\/2009\/07\/2008-az-report-52-pages.pdf\" rel=\"nofollow\" data-href=\"http:\/\/www.stop-runaway-production.com\/wp-content\/uploads\/2009\/07\/2008-az-report-52-pages.pdf\">Arizona<\/a> received the highest return, getting $.28 for each dollar it spent on tax credits.<\/p><\/blockquote>\n<p>via <a href=\"https:\/\/readplaintext.com\/inside-a-hollywood-heist-59081a4c9629\">Inside a Hollywood heist \u2014 Plain Text \u2014 Medium<\/a>.<\/p>\n<blockquote><p>The problem with these programs goes far beyond the pain felt by those communities forced to pay for the promises made to lure Hollywood productions. They breed a culture of corruption and greed that moves beyond the type of honest graft that the MPAA is willing to claim, and drifts into a dark world of fraud and illegality that demonstrates how destructive subsidies that distort competition can become.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>One measure of the true cost of these programs is whether states recoup their subsidies through increased tax revenue. A comprehensive review of the recent literature produced by states in 2009 (when these programs were at their peak) finds consistent, &hellip; <a href=\"http:\/\/www.brandylion.com\/?p=2258\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[104,16,77],"class_list":["post-2258","post","type-post","status-publish","format-standard","hentry","category-fleecing_the_rubes","tag-economics","tag-mpaa","tag-tax-code"],"_links":{"self":[{"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/posts\/2258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2258"}],"version-history":[{"count":1,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/posts\/2258\/revisions"}],"predecessor-version":[{"id":2259,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=\/wp\/v2\/posts\/2258\/revisions\/2259"}],"wp:attachment":[{"href":"http:\/\/www.brandylion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2258"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandylion.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}