California Movie Tax Credits – Corporate Welfare?

Reaction to a proposal to give tax incentives to movie producers in California has brought a wave of protest. “Critics have pounced on the estimated $50 million outlay since its unveiling last week, claiming that it amounted to ‘corporate welfare’ when basic social services are being cut. ‘Those who will benefit mostly by this are those independent movie producers who really are operating on very very thin margins. Really what this is about is stabilizing the middle-class workforce in California’.”