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Jan 02 2013

Fiscal Cliff Capitulation Includes Payoff to Hollywood

Hollyweird doesn’t back Obama to the hilt out of sheer moral depravity alone. Loyal support buys it a lucrative seat at the table:

Section 317 of the freshly approved [fiscal cliff] legislation includes an extension for “special expensing rules for certain film and television productions.” Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011.

The fiscal cliff deal extends the tax incentives through 2013 — even as payroll taxes rise on ordinary Americans.

Unlike the normal Americans who are getting bled dry, Tinseltown doesn’t need the money. Ticket sales for 2012 were projected to reach an all-time high of $10.8 billion. But then, the federal government is raking in far more astonishingly excessive revenues; that doesn’t mean it won’t take more yet if it finds us unable to defend our property.

commiewood
Socialism means other people pay.

On a tip from Henry B.

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  • Jester

    Aaahh. Now I get it. How simple. For years I was wondering why multimillionaire Hollywood actors would support Marxism. Now I know.

  • Ghost of FA Hayek

    In the days and weeks to come, you will come to realize how this “tax hike” actually benefits the most vocal supporters of it…..Such as Warren Buffett
    Well knock me over with a feather
    http://www.economicpolicyjournal.com/2013/01/tax-break-included-in-fiscal-cliff-bill.html

  • Ummah Gummah

    Jester says:
    January 2, 2013 at 11:12 am
    Aaahh. Now I get it. How simple. For years I was wondering why multimillionaire Hollywood actors would support Marxism. Now I know.

    Well, you’ve got your True Believers like Sean Penn and then you’ve got your hitchhikers, like the producer/financier class.

    Hitler worked his way to power on the support of German industrialists who believed they had him in their back pockets.

    Until Adolf flipped the script..

    .

    .

  • Ummah Gummah

    .

    In case I am not making myself abundantly clear: the Hollywood Hitchhikers who think they can control Obama better take a look at History.. The Jack-in-the-Box can at times spring loose.

    Obama has just that potential.

    .

  • piston honda

    Wait a darn minute, I thought they wanted to pay higher taxes.

  • Ghost of FA Hayek

    Also, Buffett gets a TAX CREDIT on railroad expenditures
    A credit differs from a deduction in that it reduces your tax liability dollar for dollar.

  • Alborn

    The people that go see these movies are the one foolishly giving up their freedoms to commiewood elitist. Stop going to movies and the tax credit will not matter because they will not be making any money. We have to put our money where our beliefs are. I will not buy there their dvds or go to the movie. I stopped years ago. I buy no product that I know they support and get money from. This is true for sports figures as well.

  • magic government cargo cult

    Comrades in order to have a glorious socialist utopia cradle to grave nanny state you are going to have pay your fair share. We might let you keep a couple dollars out of every ten earned, we’ll think about it.

  • What??

    Ghost of FA Hayek says:

    “Also, Buffett gets a TAX CREDIT on railroad expenditures
    A credit differs from a deduction in that it reduces your tax liability dollar for dollar.”

    I know you want to pin this on Obama so does it even matter it was part of the American Jobs Creation Act of 2004 and doesn’t just benefit Buffet?

  • http://reaganiterepublicanresistance.blogspot.ca Reaganite Republican

    The looting spree has shifted into overdrive now- why not, there’s precious few willing to even say anything about it on our side, let alone do something

  • Dr. 9

    Yes, Christmas is over, but that doesn’t mean you can’t send your BFF’s some really cool belated gifts. And, if you’re the Muslim-in-Chief it’s a win-win for you. You get to give these outrageous gifts to your bros in the Muslim Brotherhood, (see: Al-Qaeda) and you get the United States of Fools to pay for them!

    What’s that you say, these “gifts” will eventually be used to kill America’s warriors? Oh, the Muslim-in-Chief doesn’t care about that. Making his fellow Muslims happy is much more important to him.

    http://www.foxnews.com/world/2013/01/02/pressure-builds-to-nix-gift-tanks-f-16s-to-egypt/?test=latestnews

  • A. Levy

    WORD OF THE DAY
    MYTH, n.

    An outpost of alternative reality that has achieved a measure of legitimacy due to its popularity among the intellectually-susceptible. See also Global Warming, Secondhand Smoke, Obama’s Patriotism and heritage…

  • Skyfall

    I am related to some folks in the biz. The fact is that the Hollywood crowd is so steeped in “the agenda” that they can’t see straight. Homosexuality MUST be mainstreamed. Drugs MUST be mainstreamed. Christianity MUST be eradicated. Socialism MUST be the ultimate goal. The United States MUST be brought to it’s knees as “just another country”.

    And on and on and on.

    They are sick, miserable people and they want everyone to share in their hopeless, nihilistic world view. Wait, let me correct myself. They don’t “want”, they INSIST.

    Their most urgent agenda is removing God (and most especially Christ) from the landscape. Once done, they know the road is clear for the rest of their festering “transformation” to be implemented.

    Do not consume what they produce.

  • Bo-Jangles

    QUOTABLE QUOTES
    “The politicians don’t just want your money. They want your soul. They want you to be worn down by taxes until you are dependent and helpless. When you subsidize poverty and failure, you get more of both…”
    -James Dale Davidson

  • Skyfall

    I almost forgot…aside from all that I said, Hollywood getting tax breaks and other perks is just fine because you see, they are just SPECIAL. They’re doing IMPORTANT WORK, so if THEY need tax relief, if THEY burn lots of fossil fuels, if THEY consume more than anyone else…well, it’s just the price the rest of us have to pay for their Jihad against liberty.

    Now shut up and work harder, so Sean Penn and Angelina Jolie can get back to the task of destroying America.

  • KHarn

    =“special expensing rules for certain film and television productions.”=

    Translation: “commie propaganda”.

    What happened to “eat the rich”, regressives?

  • Ghost of FA Hayek

    I know you want to pin this on Obama so does it even matter it was part of the American Jobs Creation Act of 2004 and doesn’t just benefit Buffet?

    It was extended by Obama until 2012.
    Your right, it benefits ALL Americans
    (who own short line railroads in need of track repair)
    Remember “reducing rates and broadening the base” ?
    Now we have “raising rates and greasing the tracks”

  • Pingback: Moonbattery » Warren Buffett Profits From Fiscal Cliff Farce

  • Ummah Gummah

    .

    Another user recently mentioned something about Bittorrent if you really need to watch movies. Not that I would ever recommend that you do something like that, which is illegal, but hey, to each their own.

    At the very least you can indulge while you Starve the Beast.

    .

  • Alxandro
  • palolojo

    “Ticket sales for 2012 were projected to reach an all-time high of $10.8 billion”. This is the problem we’re supporting the same people that want to destroy our way of life. I agree with Ummah Gummah we need to Starve the Beast.

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