Already on the hook for billions to bail out Wall Street, taxpayers are also finding themselves stuck with a growing tab for state programs intended to increase local film production.
One of the most shocking bills has come due in Louisiana, where residents are financing a hefty share of Brad Pitt’s next movie — $27,117,737, to be exact, which the producers will receive by cashing or selling off valuable tax credits.
As the number of movies made under these plans multiplied in recent years, the state money turned into a welcome rescue plan for Hollywood at a time when private investors were fleeing the movies.
I apologize if this has been posted before, but this infuriates me!
Answer by gemgem at 6:52 PM on Feb. 23, 2009
Answer by SheriSanchez at 7:00 PM on Feb. 23, 2009
Answer by Anonymous at 7:04 PM on Feb. 23, 2009
Answer by mancosmomma at 7:48 PM on Feb. 23, 2009
Answer by chickenhobbit at 8:03 PM on Feb. 23, 2009
Answer by sharebearmomof2 at 8:03 PM on Feb. 23, 2009
again, not surprised.. sickened yes. WHY are there people that still support this bill like its really going to help?
Answer by xxhazeldovexx at 8:16 PM on Feb. 23, 2009
Wow. Big shocker that Hollywood needs a bailout. The city of excess, and we should all foot the bills. Nice.
Off to make a cocktail. Anyone else want one? I am breaking out the Vodka tonight. Tough day.
Answer by QuinnMae at 8:38 PM on Feb. 23, 2009
Next question overall
Is it possible I'm pregnant or is my cycle changing?