Hollywood Heist: Subsidies to the entertainment industry continue to fleece taxpayers

Hollywood cc

Hollywood knows how to work the system. There is just something about movie stars which hypnotizes politicians. That and the pile of campaign contributions.

(From Pando.com)

Now that California has a budget surplus, the question for the state’s lawmakers is pretty simple: Should they use all the new money to reverse recession-era cuts to social programs. Or, should they spend up to $400 million a year of the new resources on more taxpayer handouts to the film industry?

Yesterday, 59 California state legislators called for the latter, sponsoring a bill to increase tax credits to the film and television industry. Call it yet another Hollywood heist, this one engineered with a double-shot of chutzpah.

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