Thursday, April 24, 2008

The Biggest Ripoff In State Spending, Ever

As I’ve pointed out before, the Commonwealth’s movie tax credits program (ie., giveaways) is the biggest ripoff in state spending that we have seen in a long time.Bruce Mohl, he of Commonwealth magazine, seems to agree.In an op-ed piece that ran in the Globe he says:The 25 percent film tax credit is a perfect example. A movie spending $20 million here would receive credits worth $5 million that could be sold to someone who owes taxes in Massachusetts or sold back to the state [...]

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[Source: The Money Blogs]

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