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re: WSJ major opinion piece on film industry welfare--quotes Jindal
Posted on 6/22/14 at 9:50 am to NWHoustonTiger
Posted on 6/22/14 at 9:50 am to NWHoustonTiger
Amen
FWIW today's Advocate editorial is about shortfalls, one time budget money, and raising more revenues(hint taxes )
They claim next year we will need to find 900 million + dollars to maintain our current level of spending.
Think about it guys; we are short funds and yet we give out 250 million in tax credits. It doesn't add up.we aren't getting the return on our investment that we think we are. That is obvious.
FWIW today's Advocate editorial is about shortfalls, one time budget money, and raising more revenues(hint taxes )
They claim next year we will need to find 900 million + dollars to maintain our current level of spending.
Think about it guys; we are short funds and yet we give out 250 million in tax credits. It doesn't add up.we aren't getting the return on our investment that we think we are. That is obvious.
Posted on 6/22/14 at 10:20 am to doubleb
quote:
FWIW today's Advocate editorial is about shortfalls, one time budget money, and raising more revenues(hint taxes )
They claim next year we will need to find 900 million + dollars to maintain our current level of spending.
Think about it guys; we are short funds and yet we give out 250 million in tax credits. It doesn't add up.we aren't getting the return on our investment that we think we are. That is obvious.
Here is what gets me--neither the TP or the Advocate will criticize these subsidies. People like Forgotston and Mann will not touch Jindal on this. It's like the credits are untouchable. The media may be just too dumb to understand them. Forgotston will moan and complain about a $5 million consulting contract or something but will not touch the huge $250 million film tax credits. Same for Kennedy.
I know a very powerful guy the legislature and he says the lobby is so strong eliminating the subsidy is impossible. He says Moret goes ballistic at the simplest criticism of them.
If you don't think support of these subsidies at some level does not influence media exposure for politicians you are just naive. It is very, very dangerous for the press and the government to have such a relationship.
It just burns my butt I supported Jindal and he has expanded this special interest pork to the levels it has become.
If he had done this for oil companies there would be an impeachment process going on now. Yes there are tax credits for oil companies but none transferrable nor none cash redeemable so somewhere along the line the oil companies have to generate Louisiana taxes to use them.
The issue is so much more than money. It is a statement of actual governance. Regardless of anything Jindal says anywhere the reality is he expanded this stupid program to the point that well over a billion has been taken from taxpayers to fund it. It is his to own.
Until he addresses this big government corporate welfare he is nothing but an empty suited hypocrite. I predict the more opinion pieces tying his name to the welfare the quicker he will address it.
Kudos to the WSJ for bringing this belligerent treatment of taxpayers to light.
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