http://clawback.org/2009/10/06/more-states-yell-%e2%80%9ccut%e2%80%9d-on-film-tax-credits/ Mon, 04 Jan 2010 21:42:25 +0000 http://wordpress.com/ hourly 1 http://clawback.org/2009/10/06/more-states-yell-%e2%80%9ccut%e2%80%9d-on-film-tax-credits/#comment-1959 Sunk: Mercury Marine fiasco casts light on costs of state subsidy wars | OK Policy Blog Mon, 16 Nov 2009 20:32:31 +0000 http://clawback.org/?p=1022#comment-1959 [...] One common argument for tax incentives is that in the competitive world of state economic development, states that fail to offer tax breaks to entice companies to invest or stay put will see investment and jobs shift elsewhere. Critics, such as Good Jobs First, view this “economic war among the states” as precisely the problem, amounting to a “ruinous zero-sum race to the bottom that benefits only footloose corporations while undermining state and local budgets, especially schools and infrastructure.”  Good Jobs First has blogged recently on two prominent examples where costly tax credit deals intended to lure jobs and investment have instead ended up leading to a major plant shutdown (Dell in North Carolina) and a criminal probe (film tax credits in Iowa). [...] [...] One common argument for tax incentives is that in the competitive world of state economic development, states that fail to offer tax breaks to entice companies to invest or stay put will see investment and jobs shift elsewhere. Critics, such as Good Jobs First, view this “economic war among the states” as precisely the problem, amounting to a “ruinous zero-sum race to the bottom that benefits only footloose corporations while undermining state and local budgets, especially schools and infrastructure.”  Good Jobs First has blogged recently on two prominent examples where costly tax credit deals intended to lure jobs and investment have instead ended up leading to a major plant shutdown (Dell in North Carolina) and a criminal probe (film tax credits in Iowa). [...]

]]> http://clawback.org/2009/10/06/more-states-yell-%e2%80%9ccut%e2%80%9d-on-film-tax-credits/#comment-1914 States cut taxpayer movie-production giveaways « Real Film Career Forum for What I Really Want to Do Wed, 14 Oct 2009 06:19:05 +0000 http://clawback.org/?p=1022#comment-1914 [...] reports Phil Mattera of Good Jobs First, states are realizing how stupid movie incentives are and are reducing or eliminating them: … [...] [...] reports Phil Mattera of Good Jobs First, states are realizing how stupid movie incentives are and are reducing or eliminating them: … [...]

]]> http://clawback.org/2009/10/06/more-states-yell-%e2%80%9ccut%e2%80%9d-on-film-tax-credits/#comment-1905 Chuck Sheketoff Tue, 06 Oct 2009 21:09:00 +0000 http://clawback.org/?p=1022#comment-1905 Oregon's subsidy program is not without controversy. <a href="http://www.ocpp.org/cgi-bin/display.cgi?page=nr20090618Audit" rel="nofollow">OCPP criticized the overly generous tax credit for contributions to the subsidy fund</a>, and the agency has since scaled it back, a bit. Oregon’s subsidy program is not without controversy. OCPP criticized the overly generous tax credit for contributions to the subsidy fund, and the agency has since scaled it back, a bit.

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