Word: taxed
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When Canada enacted some of the first incentives at the turn of the millennium, the weak Canadian dollar and the tax credits were enough to lure many Hollywood films out of the country altogether. An ensuing uproar within the American film community sparked a move to entice these “runaway productions” to remain in the lower 48, and many states formerly unfamiliar with film production found their way into the industry. Currently, approximately 80% of American states provide some benefit—ranging from sales tax exemptions to tax credits—to films that shoot...
...Those people who have been critical of the tax credit, they’re not even factoring in things like Plymouth Rock Studios,” Paleologos says. “That’s 400 million dollars of economic activity, which, if it gets going, will cost us nothing. It’s all privately funded. We’re not putting any additional tax incentive to get them to build here...
...banned greyhound racing. In doing so, voters sent a clear condemnation of keeping active dogs in tight wire cages for 20 or more hours a day. They also rejected the notion that a sport propped up by state-sponsored gambling (a 1986 state law granted the racetracks subsidies and tax breaks) can be a bastion of free market liberalism. The vote made Massachusetts the 35th state to no longer participate in a pastime that, with 800 injuries on this state’s tracks alone since 2002, is one of the few remaining legal blood sports...
Like all candidates, Obama made a lot of promises during the campaign. High on his agenda are ambitious proposals for subsidies and tax breaks to develop new energy sources like biofuels, a sweeping health-care plan, and shifting the tax burden toward those higher on the income scale. By Wednesday congressional power players were already planning the path forward in anticipation of these initiatives. House Republicans are gaming leadership changes, and among top Democrats, there's an urgency to raise their dismal approval ratings by delivering for Obama. "Given the [Democratic] majorities in both bodies, it'll be incumbent...
...issue approach - rather than a grand ideological transformation of the party - to manage the surge of Obama power that is preparing to hit Congress next January. They'll offer a deal on energy - most likely permitting more offshore drilling in exchange for various incentives for green energy - but resist tax hikes, a change in union voting rules or other measures that are opposed by small business...