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Hollywood rallies for lower taxes on the entertainment industry in California

March 16, 2014

 hollywood-sign-closeupHow many times in the past have we heard entertainers clamor for higher taxes on the rich? Here is a partial list of entertainers who have done so while stating they would gladly pay higher taxes.

  In light of this I read this story with great interest. It seems as though Hollywood is now lobbying for a tax break, with–gasp–business owners, because the higher taxes are causing people to leave the state of California in search of a more business friendly atmosphere. Who woulda thunk it?

The two parties formed a coalition after many film production-related jobs moved to more business-friendly states, leaving America’s entertainment Mecca looking for work.

“From 2004-2011, California has lost tens of thousands of good paying jobs to other states.  These job losses, and their ripple effect on the California economy, could be stopped if AB 1389 is passed.  It’s time to bring production back to California,” said California Democratic Assembly member Raul Bocanegra, who is coauthoring legislation aimed at creating new incentives for film jobs to stay in California.

Bocanegra explained in a press release that Hollywood is a vital contributor to California’s economy.

“This industry creates hundreds of thousands of jobs and billions in economic activity each year.  The multiplier effect when filming takes place here, from caterers to costumes to prop houses, helps to employ tens of thousands of small businesses throughout the state,” he said

  Despite their willingness to pay higher taxes they now see the bigger picture because it is hurting them and now it does not look so pretty. It is not the utopia they so longed for.

  So, has Hollywood finally, and belatedly, seen the error of its ways? Is Hollywood actually changing its tune about the greedy capitalists and what higher taxes do to the economy?

  I doubt it, but I think they do realize is that they did not have the foresight to see how higher taxes would affect their industry. If they could get away with lobbying for tax breaks just for their industry they would so so but this would highlight their hypocrisy on this issue so they were forced to form what I am sure they consider to be an unholy alliance in order to save their own asses.

  This should prove to those holier than thou Hollywood elitists that their tax the rich policies are a detriment to the economy but somehow I think this will be lost on them. The entertainment industry is a big business but that is something they will not admit because it doesn’t fit the mantra.

9 Comments leave one →
  1. Bruce permalink
    March 16, 2014 2:41 pm

    I AGREE! Every one of those big-mouths should pay more in taxes, AND THEY CAN! Nothing prevents anyone from paying more to the government. Nothing prevents them from giving everything they have to government. So they should do so, and shut the h*!! up!
    Hollywood, on the other hand is learning what the right has been saying: Taxed Enough Already.

    Like

    • March 17, 2014 5:30 am

      Sometimes you have to learn the hard way I guess. In Massachusetts you have the option of checking a box to say that you want to pay a higher rate, people like John Kerry never have even though he is one who says the rich need to be taxed more.

      Like

  2. March 16, 2014 4:22 pm

    They slept with dogs and now they are complaining about the fleas. No sympathy here, my friend.

    Like

  3. March 16, 2014 5:24 pm

    whoa whoa whoa, you mean Hollywood is trying to lower these super rich fat cat’s taxes? This cannot be allowed, they have to pay their fair share. That is what they advocate for the rest of the nation. They made their bed, let them lie in it.

    Like

  4. March 16, 2014 6:07 pm

    If Valerie gives a thumbs down to federal tax relief then they should call Gerry Brown on their Obama phones and try for state tax relief. If no good then move to Vancouver.

    Like

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