The first step of what could be a major victory for Michigan’s middle class takes place in Lansing this week. The House Committee on Tax Policy will be voting on House Bill 4122. Passing this bill out of committee is the first step in eliminating taxpayer funded subsidies to wealthy Hollywood elites.
According to the non-partisan House Fiscal Agency, HB 4122 would prevent the Michigan Film Office from operating, thereby freeing up $50 million to be spent elsewhere. It is about time our leaders in Lansing started to wean their politically connected friends off of taxpayer funded subsidies.
RetakeOurGov has long advocated the elimination of film subsidies, as well as all other forms of corporate welfare. In fact at the beginning of this year we sent a letter to the editor of the Livingston Daily reiterating our opposition to film subsidies and corporate welfare.
While proponents of film subsidies claim that these taxpayer funded giveaways create jobs in our state, the statistics prove otherwise. According to the Bureau of Labor Statistics, from 2008 through 2014 Michigan has spent nearly $500 million to create 24 jobs in the motion picture and video industry. This equates to nearly $21 million per job.
I urge citizens to keep corporate welfare subsidies in mind as they consider whether or not to increase Michigan’s sales tax from 6 to 7 percent, which by the way increases your tax burden by 16.7%, not 1% as the Governor and other tax hike proponents would have your believe. Lansing has plenty of other corporate welfare schemes that could be eliminated to fund our roads.
A letter to the Editor of the Livingston Daily