I am shocked. New York radical government is smarter than the Socialist Paradise of California.
“State Senate Democrats are at long last questioning New York’s tax subsidies for Hollywood — but only to burn the money somewhere else.
Dusting off a year-old report that confirms the $700 million tax credit doesn’t remotely generate enough economic benefits to justify the expense, Sen. Liz Krueger told reporters, “We have to get smarter in New York state about what programs we operate, whether they are worth their salt, whether they are a bad use of the public’s money.”
If it is not working for New York, contrary to the phony California numbers, it is not working for us. If it was we would not have a continued loss of filming in California. Take away the tax bribes and almost nothing would be filmed here. As it is movies are losing money, TV shows are losing audience and technology will finish them all off.
NY pols eye ending obscene Hollywood subsidies — but NOT to cut the taxpayers a break
By Post Editorial Board, 11/22/24 https://nypost.com/2024/11/22/opinion/ny-pols-eye-ending-obscene-hollywood-subsidies-but-not-to-cut-the-taxpayers-a-break/
State Senate Democrats are at long last questioning New York’s tax subsidies for Hollywood — but only to burn the money somewhere else.
Dusting off a year-old report that confirms the $700 million tax credit doesn’t remotely generate enough economic benefits to justify the expense, Sen. Liz Krueger told reporters, “We have to get smarter in New York state about what programs we operate, whether they are worth their salt, whether they are a bad use of the public’s money.”
Yet neither she nor Sen. Jim Skoufis worried in April, when the Legislature renewed the giveway in this year’s state budget.
No, they’re just looking for available cash in case the Republicans who’ll soon run Washington reduce federal aid to the Empire State.
The massive incentive to lure Hollywood productions to New York adds up to $7.7 billion over 11 years; New York pols have long backed it because it encourages La-La-Land lovelies to hobnob with them.
The Empire Center’s E.J. McMahon, a longtime critic of the giveaway, notes the tax credit functions “more like an outright grant than a tax break” — and a grant to an industry that will still film plenty here without the bribe.
