Cato calls Jindal's hand on film tax welfare-- | TigerDroppings.com
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I B Freeman
Member since Oct 2009
7942 posts

Cato calls Jindal's hand on film tax welfare--

I know Russian is going to say Cato has no idea what they are talking about but here it is any way--

quote:



Louisiana

Bobby Jindal, Republican Legislature: RepublicanGrade: B Took Office: January 2008Bobby Jindal is a popular and accomplished governor with a fiscally conservative record. Jindal repealed income tax increases that were put in place in 2002, and he has supportedmodest business tax cuts while vetoing tax increases.

However, Jindal has succumbed to “taxincentive disease.” He has supported tax breaks for film production, music recording, andother activities. In 2011 he even made the state’s digital media tax incentives “refundable,”which means that the government will hand out cash to favored digital media businesses.

Jindal’s score is boosted by his frugal spending record. General fund spending is expect-ed to be lower in fiscal 2013 than it was in fiscal 2010. And state government employmentis down about 10 percent since Jindal came into office in 2008.

In 2012 Jindal signed into law major reforms to pensions, which will move new state workers to a 401(k)-style plan.
This post was edited on 10/9 at 8:53 am



LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Cato calls Jindal's hand on film tax welfare--
You're obsessed with me. I'm flattered.


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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
57372 posts

re: Cato calls Jindal's hand on film tax welfare--
if it helps bring the industry to Louisiana...whats the problem?

also...

quote:

Jindal’s score is boosted by his frugal spending record. General fund spending is expect-ed to be lower in fiscal 2013 than it was in fiscal 2010. And state government employmentis down about 10 percent since Jindal came into office in 2008.





LSUMJ
LSU Fan
BR
Member since Sep 2004
15611 posts

re: Cato calls Jindal's hand on film tax welfare--
damn all those jobs and revenue and publicity for the state!


Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
41301 posts

re: Cato calls Jindal's hand on film tax welfare--
Seriously whats your story? Who in the film industry screwed you over? What is the axe you are obviously grinding over?


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LSUMJ
LSU Fan
BR
Member since Sep 2004
15611 posts

re: Cato calls Jindal's hand on film tax welfare--
exactly what in your post is a bad thing?


SammyTiger
LSU Fan
Baton Rouge, LA
Member since Feb 2009
13702 posts

re: Cato calls Jindal's hand on film tax welfare--
I woudln't mind the rest of that article. Seems to be goign state by State.


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lsuroadie
LSU Fan
South LA
Member since Oct 2007
6419 posts

re: Cato calls Jindal's hand on film tax welfare--
quote:

damn all those jobs and revenue and publicity for the state!



this


ProjectP2294
Penn Fan
South St. Louis city
Member since May 2007
33553 posts

re: Cato calls Jindal's hand on film tax welfare--
quote:

And state government employmentis down about 10 percent since Jindal came into office in 2008.

This is awesome. And I bet there is still a lot more that can be cut, or positions eliminated as they're vacated, or people moved around. Too many management positions in state government work, but at least we're making progress.


I B Freeman
Member since Oct 2009
7942 posts

re: Cato calls Jindal's hand on film tax welfare--
We gave away over $200 million in cash money in corporate welfare to film makers to reimburse them for expenses--not capital investments in Louisiana this year alone. That is about the same amount of money as the budget shortfall.

No other industry get a subsidy like that in Louisiana. Not even oil and gas. All other economic subsidies are self funding. By having a unique refundable tax credit the film industry doesn't even have to generate tax obligations to use the credits.

The small government, low tax Cato Institute and I consider it a waste of tax payer money and corporate welfare in it's worse form.


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Cato calls Jindal's hand on film tax welfare--
I'm guessing this thread is not turning out the way Freeman thought it would.


Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
41301 posts

re: Cato calls Jindal's hand on film tax welfare--
This is the same guy that said in the other thread he started on the same subject that if there were ONE MILLION 50k paying jobs that came from this industry to JUST Louisiana that we would be in the hole. Do you expect him to think "jobs and revenue and publicity" matters?



Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
41301 posts

re: Cato calls Jindal's hand on film tax welfare--
What is your agenda?


Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
24795 posts

re: Cato calls Jindal's hand on film tax welfare--
quote:

And state government employmentis down about 10 percent since Jindal came into office in 2008.
--------------------------------------------------------------------------------


Only to be replaced by Jindal cronies making $250K/per year. BJ has got some of you people so hoodwinked it's amazing.


ProjectP2294
Penn Fan
South St. Louis city
Member since May 2007
33553 posts

re: Cato calls Jindal's hand on film tax welfare--
quote:

I'm guessing this thread is not turning out the way Freeman thought it would.

I'm starting to think he's not anti-Jindal, but he's actually a plant from the movie industry either in NY or CA trying to get people riled up in Louisiana so that we stop pulling business away from those states.


TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2502 posts

re: Cato calls Jindal's hand on film tax welfare--
I agree with every single thing that was mentioned.


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I B Freeman
Member since Oct 2009
7942 posts

re: Cato calls Jindal's hand on film tax welfare--
Here is the link to the article. LINK

Jindal got a "B" but for the film tax credits he would have gotten an "A".

Maybe these film tax credit advocates can explain just how an institution that is grading governors from a small government prospective can lower a governor's grade because of what they think is a good program.

I am all for the film industry so long as I am not forced to finance it as I am as a taxpayer in Louisiana.


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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
7034 posts

re: Cato calls Jindal's hand on film tax welfare--
I will agree that the program is coming to a tipping point or may have have already passed one. The idea all along was to establish the base and then ease the incentives in a hope that the shift of capital resources would buoy the long term viability of the industry within Louisiana. The wind down and timing of the credits is a hard call to make.


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I B Freeman
Member since Oct 2009
7942 posts

re: Cato calls Jindal's hand on film tax welfare--
quote:

This is the same guy that said in the other thread he started on the same subject that if there were ONE MILLION 50k paying jobs that came from this industry to JUST Louisiana that we would be in the hole. Do you expect him to think "jobs and revenue and publicity" matters?


Hey Catman tell us how much cash money the state would pay out in one year to film tax industry in taxpayer money if there were one million $50K jobs eligible for the film tax credit. It is easy to compute.


dewster
Vanderbilt Fan
Member since Aug 2006
9911 posts

re: Cato calls Jindal's hand on film tax welfare--
LSURussian, Bobby Jindal, and the film industry must have conspired to steal this guy's lunch or something.


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