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Tom Arnold still wants more of your money
October 01, 2009
While auditors work to add up the bill for our Film Credit Fiasco, Governor Culver is seeking the advice of policy experts:
Actor Tom Arnold (and Iowa native) told Channel 13 news he took part in a conference call Monday with Governor Chet Culver about the film tax credit fiasco. Arnold said he talked about the frustration of a couple "knuckleheads" from the film industry that caused the problems. He also said he supports tax credits and thinks they have been very beneficial to Iowa. He wants them restored.
Yes, it was just a couple of bad apples. Like every one of the 18 films that have gotten our money so far, none of whom appear to have fully documented their expenses, and only two of which have turned in receipts at all.
Every Iowan will be thrilled to pay $121 to help fund Tom Arnold's projects, so film crews can buy T-shirts.
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Comments
Thank you for covering this. For years.
It is depressing. $350 million. About equals annual corporate tax revenue.
And people still advocate for it.
Thank goodness for real artists in Des Moines who keep things interesting.
Posted by: Erich Riesenberg | October 1, 2009 2:38 PM
Erich, it's worse than that; corporate tax receipts net of refunds are budgeted at $186 million. Today's revenue report makes that look optimistic.
Posted by: Joe Kristan | October 1, 2009 5:05 PM
It is frustrating that complaints over most tax credits is treated as whining.
Successful business people don't want to deal with this stuff.
It forces business people to either play with politicians to get the tax money or compete against businesss getting subsidies.
I wish businesses would get together and just say no to all of them. I agree with you on the elimination of business taxes combined with elimination of tax subsidies for businesses. It would probably pay for itself.
And it will probably only happen when we have public financing of campaigns, which some day you may just support...
Posted by: Erich Riesenberg | October 1, 2009 8:05 PM
I see the tax refunds in aggregate and corporate refunds for September but is there an actual projection for corporate refunds for the full year somewhere? Thanks.
http://www.legis.state.ia.us/lsadocs/MonMemo/2010/MMSLS001.PDF
Posted by: Erich Riesenberg | October 2, 2009 7:46 AM