@110 Mary Stella,

I read the same editorial, but the bias of the writer was plainly evident. The bill includes a provision to write off capital expenditures using accelerated depreciation. This applies to many industries, not only to Hollywood.

The bill is clearly intended to have a broad and positive impact on the economy, and includes many benefits to Republican causes as well. It should not really be surprising that the Democrats would take this opportunity to fulfill their campaign pledges.

There is no negative impact from the provision, and even posting it here just shows how little you appreciate what this does. It allows the studios, who really do face accelerated obsolescence, to buy more new equipment, which will employ the manufacturing sector as well as transportation sector, with attendant ripple effects.

This is exactly the kind of tax incentive that Republicans have been touting as better than spending. Stimulating the private sector to make some investments.

Really, if you don’t have your own opinion to add, why comments?

Peace.

DS