Hollywood Tax Credits? 🤮 No Thank You!

Right above is a five-minute video commentary diving into why California’s $750 million tax credit subsidies for the Hollywood film industry are a terrible idea. As a concerned citizen, I believe taxpayers deserve policies that prioritize fairness and fiscal responsibility, not handouts to a wealthy, connected industry. Below are the key points from my video:

• Subsidizing the Elite: Taxpayers shouldn’t bankroll a thriving Hollywood while ordinary Californians face rising costs.

• Global Subsidy Race: California should cut regulations and taxes for all industries, not offer targeted credits to compete with Georgia and Canada.

• Fiscal Irresponsibility: $750 million could repair infrastructure or fund schools, not prop up an industry flourishing elsewhere.

• Unfair Favoritism: Tax credits prioritize Hollywood over other industries, distorting markets and picking winners.

• Fueling Cronyism: Hollywood’s massive financial support for liberal candidates, including Biden and Harris, suggests subsidies reward political allies, especially with Newsom’s presidential ambitions.

• Eroding Trust: Subsidizing a politically connected industry reeks of favoritism, undermining fair governance.

• Better Priorities: Policies should serve all Californians equally, not advantage a privileged, politically aligned few.

I hope you enjoy this, and if you do, I would encourage you to like and restack it!

Now — Below the paywall, in a lot of detail, you can read about why Gavin Newsom cares so much about Hollywood! 💰💰💰

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