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Message
Film Tax Credit Proponents should love Bobby Jindal
Posted on 11/16/14 at 3:58 pm
Posted on 11/16/14 at 3:58 pm
Now Bobby is squeezing all state agencies to cut back as the state appears to be in deficit for the current year.
He is going to have to squeeze even harder as we have to have a balanced budget.
I have yet to hear anyone mention suspending film tax credits projected this year to exceed $300 million. Of course a project could start tomorrow and cost us another $50 million. We don't know.
You see even though the film tax credits hatched under KBB and Mitch it was Bobby that made them unlimited and permanent. A huge difference.
Anybody that loves film tax credits should bow at the feet of Bobby Jindal.
All of state government is being squeezed to preserve the special interest film tax credits.
A Jindal hater that loves film tax credits is nothing but a hypocrite.
He is going to have to squeeze even harder as we have to have a balanced budget.
I have yet to hear anyone mention suspending film tax credits projected this year to exceed $300 million. Of course a project could start tomorrow and cost us another $50 million. We don't know.
You see even though the film tax credits hatched under KBB and Mitch it was Bobby that made them unlimited and permanent. A huge difference.
Anybody that loves film tax credits should bow at the feet of Bobby Jindal.
All of state government is being squeezed to preserve the special interest film tax credits.
A Jindal hater that loves film tax credits is nothing but a hypocrite.
This post was edited on 11/16/14 at 4:02 pm
10
Posted on 11/16/14 at 4:03 pm to I B Freeman
Oh look, this thread again. 
Or they aren't constricted to caring about one issue. You wouldn't know about that.
quote:
A Jindal hater that loves film tax credits is nothing but a hypocrite.
Or they aren't constricted to caring about one issue. You wouldn't know about that.
Posted on 11/16/14 at 4:04 pm to I B Freeman
quote:
Anybody that loves film tax credits should bow at the feet of Bobby Jindal.
I would only add
Anybody that loves talking about film tax credits and state government should bow at the feet of Bobby Jindal.
Posted on 11/16/14 at 4:04 pm to I B Freeman
Good god
Posted on 11/16/14 at 4:06 pm to TK421
quote:
Or they aren't constricted to caring about one issue. You wouldn't know about that.
What other issue could there be?
cuts in higher ed? not necessary if the film tax credit programs doesn't exists
cuts in anything? not necessary. Never has Bobby cut more than we gave away to film makers in any single year.
What issue could they have?
Only simpletons support the film tax credits and then whine about Bobby's cuts.
Of course I guess you could hate Bobby if you were for raising taxes on everybody to preserve both the stupid film tax credits and the burecracy.
This post was edited on 11/16/14 at 4:07 pm
Posted on 11/16/14 at 4:11 pm to I B Freeman
Posted on 11/16/14 at 4:15 pm to MMauler
I would be remiss Mauler if I did not bring this obvious revenue burden to light again as the state spending seems to be under water and large cuts are on the way.
Along with the cuts will be loud Jindal haters talking about how Jindal is ruining the state. Many of those same people are film tax credit supporters.
If a person is to have any standing in criticizing Jindal's budget shortfall they must explain their support of film tax credits and just how far should the state go to make cuts before ending film tax credits.
Jindal appears perfectly willing to slash spending and leave the film tax credits alone.
Along with the cuts will be loud Jindal haters talking about how Jindal is ruining the state. Many of those same people are film tax credit supporters.
If a person is to have any standing in criticizing Jindal's budget shortfall they must explain their support of film tax credits and just how far should the state go to make cuts before ending film tax credits.
Jindal appears perfectly willing to slash spending and leave the film tax credits alone.
This post was edited on 11/16/14 at 4:16 pm
Posted on 11/16/14 at 4:15 pm to MMauler
It is a broken record but so are a lot of things. There's 1,000,000 more repetitive Obama threads but state governments affect us just about as much.
To out this in perspective; the film and digital media tax credit is the reason why LA can't afford to eliminate corporate income taxes. Imagine what an economic boom that would cause.
To out this in perspective; the film and digital media tax credit is the reason why LA can't afford to eliminate corporate income taxes. Imagine what an economic boom that would cause.
Posted on 11/16/14 at 4:21 pm to Asgard Device
We aren't worried about any hypothetical economic boom. We're worried about standing with our party, who Jindal is a proud member of. It's never a matter of principle and it's always a matter of elections.
Posted on 11/16/14 at 4:24 pm to I B Freeman
quote:.
You see even though the film tax credits hatched under KBB and Mitch it was Bobby that made them unlimited and permanent. A huge difference
Is that true? Would like to see the support for that statement.
Posted on 11/16/14 at 4:24 pm to Blue Velvet
quote:
We aren't worried about any hypothetical economic boom. We're worried about standing with our party, who Jindal is a proud member of. It's never a matter of principle and it's always a matter of elections.
In this case it is about cameo appearances of taxpayer financed films and brother's job with the largest film industry lobbying/legal firm in the country. IMHO.
This post was edited on 11/16/14 at 4:25 pm
Posted on 11/16/14 at 4:25 pm to I B Freeman
So, give us your plan, IB. We all know that you hate Jindal. What is your plan? Raise taxes? Cut spending? Where? Lay it out, IB.
Posted on 11/16/14 at 4:26 pm to BigJim
quote:
Is that true? Would like to see the support for that statement.
Look it up BigJim.
It is true. He signed the legislation doing both of those things.
Posted on 11/16/14 at 4:29 pm to I B Freeman
quote:
It is true. He signed the legislation doing both of those things.
Given your obsession, it shouldn't be hard for you to provide a link
Posted on 11/16/14 at 4:32 pm to TK421
Here is a quote from the La Budget Project
All Bobby's baby now as you can see.
More to come since you guys are too lazy to look it yourself and instead haphazardly post criticisms.
BigJim knows this and he has always supported special interest spending if it can be called economic development.
From the Mayor's film new orleans site--
The cap was lifted, I believe, in the same legislation that made them permanent. Both happened under Jindal.
quote:
Louisiana in 1992 was the first state to roll out a major film subsidy program. A decade later, in 2002, the Legislature greatly expanded the film credits, which spurred significant growth in the state’s film industry. Movie projects—and jobs— came to the state as new film studios, camera and lighting services, soundstages and post-production facilities sprouted up. Although the program was originally slated to begin phasing out in 2010, the Legislature instead decided to make it permanent in 2009.
All Bobby's baby now as you can see.
More to come since you guys are too lazy to look it yourself and instead haphazardly post criticisms.
BigJim knows this and he has always supported special interest spending if it can be called economic development.
From the Mayor's film new orleans site--
quote:
Is there a cap on the amount available, both on a film by flm basis or in any fiscal year?
There is NO cap
The cap was lifted, I believe, in the same legislation that made them permanent. Both happened under Jindal.
This post was edited on 11/16/14 at 4:37 pm
Posted on 11/16/14 at 4:40 pm to Zach
quote:
So, give us your plan, IB. We all know that you hate Jindal. What is your plan? Raise taxes? Cut spending? Where? Lay it out, IB.
I would end film tax credits in the morning.
I would cut spending by hundreds of millions. Do we really need an insurance commissioner? most of the ag department? on and on.
But this thread is obviously over you head.
This thread is an attack on Jindal haters that are proponents of film tax credits. They are hypocrites not unlike those that claim to be conservatives that support Jindal and film tax credits. Which are you?
Posted on 11/16/14 at 4:42 pm to I B Freeman
Cut state government spending. Easy.
Posted on 11/16/14 at 4:45 pm to EST
quote:
Cut state government spending. Easy.
Which is exactly what the governor has to do under law.
Critics of spending cuts need to know the film tax credits are the blame.
Posted on 11/16/14 at 4:48 pm to I B Freeman
We'll see. LFEA is trying to fund a study to see what kind of ROI the state gets on film tax credits. If they're generating more in business than they're costing the state, it's a good program
If not, it can be tweaked to be more cost efficient. It'd be kind of ridiculous to bail on a program that we've already invested so much in, just as it's coming to fruition.
Hell, California is dying and begging the film industry to come back. Not so sure closing our doors is a wise idea, especially since we've already done a lot of the heavy up front spending on infrastructure.
If not, it can be tweaked to be more cost efficient. It'd be kind of ridiculous to bail on a program that we've already invested so much in, just as it's coming to fruition.
Hell, California is dying and begging the film industry to come back. Not so sure closing our doors is a wise idea, especially since we've already done a lot of the heavy up front spending on infrastructure.
Posted on 11/16/14 at 4:50 pm to I B Freeman
quote:
the film tax credits are the blame
The blame? The only blame? Really?
Also, to call tax credits a cost isn't necessarily accurate. Not to mention all the other businesses that get tax credits in the state.
Wait...Let's just abolish all tax credits! We'll be rolling in dough!
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