Hollywood “investments” in government garner a 12-fold return:
A provision in the current “stimulus” bill would allow Hollywood moguls to write off half the production and filming costs of big-budget films and TV shows.
Backed by Walt Disney and the Motion Picture Association of America, the provision amounts to an estimated $246 million Hollywood tax break over 11 years.
It’s the least Democrats can do for some of their richest and most generous supporters, who gave nearly $20 million in campaign contributions to Democrats during the 2008 election cycle, according to OpenSecrets.org.
Stimulating.
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