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THANKS, CHUMPS!
September 23, 2008
Tina Fey at least had the grace to say "thank you" for the insane subsidies her industry receives from New York, and almost every other state. You're not welcome, Tina.
Iowa currently has transferable tax credits to fund up to half the cost of film projects done in the state. That means everybody else is subsidizing Tina Fey and the rest of her (wealthy) industry. So while people flooded out of their homes in Cedar Rapids are still camping in their yards or at the Super 8, our tax money helps people like Tina Fey get that Central Park West condo they've been needing. All so legislators can get their picture taken with Tom Arnold.
Some states are at least trying to make their "economic development" subsidies more transparent, but the right answer is to go cold turkey on corporate welfare and work to make it easier for everyone to do business -- not just those with good lobbyists.
UPDATE, 9/25: The New York Times has a new puff piece on the New York version of the entertainment industry subsidy (via the TaxProf).
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