Also in this playlist...
This transcript is automatically generated
-- -- Hollywood producers are choosing where to shoot big budget projects -- states they offered generous tax breaks to make their locations.
But in this economy with cities and states laying off workers and cutting off vital services.
Should taxpayer dollars be going to billion dollar studios.
William La Jeunesse joins us -- For more on this William.
-- having you know it is not uncommon to -- to -- Laura company from one state to another using tax incentives.
But in most cases you -- the business the plant and the payroll not true with a two to three month movie shoot while critics call this welfare for movie producers.
Supporters say the economics eventually pay off.
-- the avengers are a product of Hollywood that's not where the movie was filmed the avengers 310 to Yuma and cowboys and aliens.
All big budget major.
Still not in tinsel -- -- New Mexico we have great weather great locations.
Now -- great crew base and greats infrastructure and fifteen million in taxpayer giveaways to billion dollars studios that arguably.
Don't need it.
Get 43 states now offer big tax breaks to lure Hollywood from Hollywood.
One of the reasons we attracted this business -- was because very few if any businesses spend as much money.
As quickly across -- broader range of the economy.
As those film yet many oppose the subsidies there's been study after study that has shown.
This is bad economic policy -- returned to the taxpayers.
The return to the public treasury.
Is literally pennies.
On the -- -- -- out nationwide studies say states taken as little as fifteen cents for every dollar they spend any industry that you have to pay money.
To bring to your community.
Won't stay there.
When stars like Arnold Schwarzenegger comes to towns like Berlin New Mexico.
Businesses say they win even if the state doesn't we're taking a tax.
And we're giving them a little portion of it back.
For coming and doing business of us.
Collectively nationwide were talking about more than a billion dollars on North Carolina says it spent twenty million to -- the Hunger Games and that generate about sixty million they say for their economy and other states Iowa Arizona and New Jersey Kansas and eliminated Heather or dramatically cut back the subsidy.
Is they say it doesn't make.
Economic sense -- wait much -- flat course from -- thanks.
Filter by section