- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Spending cut talk yet to include film industry welfare--$1.4 billion must be cut
Posted on 11/22/14 at 3:20 pm
Posted on 11/22/14 at 3:20 pm
Jindal is scrambling to find cuts and/or revenue to close the budget gap.
He is grabbing one time money here and there and robbing Peter to pay Paul to get through the year.
LINK
What is happening now is peanuts compared to what looms next year.
Now a fiscally conservative governor looking after taxpaying citizens would certainly end the $300 million in welfare to film makers one would think.
When we get such a governor someone let me know.
He is grabbing one time money here and there and robbing Peter to pay Paul to get through the year.
LINK
What is happening now is peanuts compared to what looms next year.
quote:
What money may -- or may not -- be available to support the Louisiana government next year is of immediate concern to state legislators. They received word last week that they will have to close a $1.4 billion hole in next year's state government spending plan. It's likely they will have to make painful cuts -- or raise taxes -- as many of them face reelection in 2015.
Now a fiscally conservative governor looking after taxpaying citizens would certainly end the $300 million in welfare to film makers one would think.
When we get such a governor someone let me know.
This post was edited on 11/22/14 at 6:33 pm
3
Posted on 11/22/14 at 3:41 pm to I B Freeman
Is this one of those arguments where a tax break or exemption is considered money taken directly away from Louisiana citizens?
Posted on 11/22/14 at 4:22 pm to I B Freeman
This is how BJ likes to play this game. He loves to set an unrealistic budget then come in with cuts later on the year.
Posted on 11/22/14 at 4:23 pm to I B Freeman
quote:
Now a fiscally conservative governor looking after taxpaying citizens would certainly end the $300 million in welfare to film makers one would think.
rabble rabble rabble rabble tax film Jindal rabble rabble
Ok I 'll give a serious answer. Should it be cut/reformed whatever you want to call it yes, but done away with no. It brought $800 million in business to the state last year and according to the ppl in the interview they wouldn't be here without the tax credit. It does need some reform because like every other program ppl have figured out how to milk it (which probably hurts the overall effectiveness of the program).
back to rabble rabble rabble
Posted on 11/22/14 at 4:55 pm to WeeWee
How is it our state govt is so far behind when the state's economy is doing so well?
Posted on 11/22/14 at 4:58 pm to GeorgeWest
quote:
How is it our state govt is so far behind when the state's economy is doing so well?
Lower price of oil?
Posted on 11/22/14 at 5:07 pm to GeorgeWest
quote:
How is it our state govt is so far behind when the state's economy is doing so well?
$20 drop in oil prices.
Posted on 11/22/14 at 5:11 pm to GeorgeWest
quote:
How is it our state govt is so far behind when the state's economy is doing so well?
They can only cut certain areas while entitlements never get cut.
Posted on 11/22/14 at 6:27 pm to GeorgeWest
quote:
How is it our state govt is so far behind when the state's economy is doing so well?
Agree or disagree with the Stelly plan and other rollbacks, but the state would have an additional 2-3 billion in revenue. Our state collected 12 billion in 2008, it now collects 9-10. Saw this in the paper according to Jim Richardson.
Posted on 11/22/14 at 6:37 pm to GetBackToWork
The so called tax credits---cost over $300 billion a year. It is welfare.
If they were really tax credits it would require the recipient to actually have a tax liability to use them.
Start talking about making them non cash redeemable and non transferrable and all you people who do not think this is welfare will understand completely as the film makers will scream. Ask them to generate enough taxes to use them and they will leave. Who wants an industry that requires bribes to stay?
20%-25% of the projected budget shortfall would disappear if this welfare was eliminated.
If they were really tax credits it would require the recipient to actually have a tax liability to use them.
Start talking about making them non cash redeemable and non transferrable and all you people who do not think this is welfare will understand completely as the film makers will scream. Ask them to generate enough taxes to use them and they will leave. Who wants an industry that requires bribes to stay?
20%-25% of the projected budget shortfall would disappear if this welfare was eliminated.
Posted on 11/22/14 at 7:25 pm to I B Freeman
sir........giving great tax deals to companies who would not otherwise spend 1 $ here is not welfare........idiot 
Posted on 11/22/14 at 7:30 pm to 1DuckyBoy
quote:
sir........giving great tax deals to companies who would not otherwise spend 1 $ here is not welfare........idiot
how stupid is that logic--
give me 30% of my expenses and I will spend some money here. would that be welfare??
Posted on 11/22/14 at 7:40 pm to I B Freeman
quote:
The so called tax credits---cost over $300 billion a year. It is welfare.
Last year, the film industry pumped $800 million into the Louisiana economy. That is not welfare is getting a check to do nothing. Does the program have loopholes that need to filled yes. However, if we did away with the program then the movie industry would pick up and move out and that would leave thousands without a job and then that would require real welfare.
Posted on 11/22/14 at 7:40 pm to ManBearTiger
quote:
Is this one of those arguments where a tax break or exemption is considered money taken directly away from Louisiana citizens?
Absolutely. Can you please give all my cousins who are out of state $10 billion in tax credits for anything they spend in Louisiana? They will come and economically develop our asses. That's $10 BILLION that they'll spend and then add the economic multiplier effect on top of that and it probably doubles. It won't cost Louisiana Tax Payers a dime though, right?
Posted on 11/22/14 at 9:46 pm to WeeWee
quote:
Does the program have loopholes that need to filled yes. However, if we did away with the program then the movie industry would pick up and move out and that would leave thousands without a job and then that would require real welfare.
WeeWee if we made them non transferrable and non cash redeemable they would be tax credits and not welfare.
As they are they are welfare and there is no good reason to grow an industry that cost us hundreds of millions simply because without the bribes they will leave.
How many jobs is it cost us to give them that much money? Have you thought of that?
It is really corporate welfare---an out and out subsidy and you should be ashamed for supporting it.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News