Gary M Posted June 22, 2016 Share Posted June 22, 2016 http://www.whec.com/nys-exposed/film-tax-credits/4176081/?cat=565 Link to comment Share on other sites More sharing options...
B-Man Posted June 22, 2016 Share Posted June 22, 2016 (edited) Somewhat related. Demand the Hollywood tax cuts be repealed? There's an old joke about a boy who complains to his mother that his little sister keeps pulling his hair. "Oh," responds the mother, "she doesn't know that it hurts." A few minutes later, the mother hears the girl scream and runs into the other room. "She knows now," the boy explains. There's a lesson for Republicans in that old joke, if they're smart enough to absorb it. For the past few years, there has been a drumbeat in favor of increased taxes from Democrats of all stripes. Make the rich pay their "fair share." Get rid of "loopholes." Make the fat cats "chip in a little more." Then Democrats hold up budgets and bills in an effort to extract some tax increases from Republicans. It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment. Republicans, if they're smart, can nonetheless teach them that tax increases do, in fact, hurt. They should head into the next budget battle with a list of proposals for tax increases that will sting Democratic constituency groups, but which will seem eminently fair to voters. The first such proposal would be to restore the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. The campaign to end the excise tax had studio executives and movie stars talking like Art Laffer, as they noted that high taxes reduced business income, hurt investment and cost jobs. Edited June 22, 2016 by B-Man Link to comment Share on other sites More sharing options...
Gary M Posted June 22, 2016 Author Share Posted June 22, 2016 Somewhat related. Demand the Hollywood tax cuts be repealed? There's an old joke about a boy who complains to his mother that his little sister keeps pulling his hair. "Oh," responds the mother, "she doesn't know that it hurts." A few minutes later, the mother hears the girl scream and runs into the other room. "She knows now," the boy explains. There's a lesson for Republicans in that old joke, if they're smart enough to absorb it. For the past few years, there has been a drumbeat in favor of increased taxes from Democrats of all stripes. Make the rich pay their "fair share." Get rid of "loopholes." Make the fat cats "chip in a little more." Then Democrats hold up budgets and bills in an effort to extract some tax increases from Republicans. It's no coincidence that much of the Democrats' base doesn't have to worry about taxes much, either because they work for nonprofits and public entities that don't pay taxes, or because they live off government benefits, or because they work in industries -- like the motion picture and recording industries -- with a long history of shady accounting and favorable tax treatment. Republicans, if they're smart, can nonetheless teach them that tax increases do, in fact, hurt. They should head into the next budget battle with a list of proposals for tax increases that will sting Democratic constituency groups, but which will seem eminently fair to voters. The first such proposal would be to restore the 20 percent excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s. The campaign to end the excise tax had studio executives and movie stars talking like Art Laffer, as they noted that high taxes reduced business income, hurt investment and cost jobs. The libs would just scream about unfair and hypocrisy, stomp their feet and cry. Link to comment Share on other sites More sharing options...
Nanker Posted June 23, 2016 Share Posted June 23, 2016 The libs would just scream about unfair and hypocrisy, stomp their feet and cry. And would they sit down on the floor of the House of Representatives and pout and occupy it? That could NEVER happen to such an honorable group. Link to comment Share on other sites More sharing options...
KD in CA Posted June 23, 2016 Share Posted June 23, 2016 The libs would just scream about unfair and hypocrisy, stomp their feet and cry. And then ask for a 'windfall tax' on oil companies next time prices go up. Link to comment Share on other sites More sharing options...
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