Skip to comments.Hollywood Tax Credits, Rum Subsidies, Indian Coal & Scooters: The Senate Fiscal Cliff Billís Ripoffs
Posted on 01/01/2013 6:26:02 PM PST by 2ndDivisionVet
While the American people are being hit with new ObamaCare taxes, and the ObamaDeficit is climbing through the roof and will pass 20 trillion dollars before long, theres always plenty of sweetheart deals and pork to be found.
Celebrities flocked to Obama and the industry poured millions into his campaign. Payday comes in the form of an extension of the Special Expensing Rules which allow Hollywood productions to deduct 15 to 20 million dollars. Thats pretty generous considering that companies that manufacture medical devices are being hit with a tax. But who really needs pacemakers anyway when youve got Hollywood?
For all the lefty mockery about wealth creators, there are some wealth creators that are close to the Democratic Partys rotten black heart. The same ones who do tedious ads calling on the Democrats to outlaw guns, plastic bags and civil rights. Celebrities.
Glenn Reynolds has argued that instead of cutting taxes on Hollywood, Washington should be raising taxes, and not just by legalizing and taxing cocaine.
The first such proposal would be to restore the 20% excise tax on motion picture theater gross revenues that existed between the end of World War II and its repeal in the mid-1950s The movie excise tax was imposed in response to the high deficits after World War Two. Deficits are high again, and theres already historical precedent.
But instead of raising taxes on Hollywood, the Senate fiscal cliff extends the deductions.
2. Puerto Rican Rum
When rum from anywhere but Puerto Rico and the Virgin Islands arrives in the United States, the excise taxes go to Uncle Sam, but 98 percent of the excise taxes for rum from Puerto Rico and the Virgin Islands go right back to those territories, which reinvest the money in rum production...
(Excerpt) Read more at frontpagemag.com ...
Wait so does this mean that Hollywood leftist assclowns won’t have to pay their “fair share” gee I thought these celebrities wanted to pay higher taxes lol
I think we all knew that celebrities who voted for Hussein would be tax exempt
presuming Boehner gets this passed it’s now OK to start busting up the Republican party ~ after all, there will be no reason to keep the existing structure, or its running dog lackeys.
Rob the treasury and spread the spoils to those who helped you in the revolution is Marx 101.
I don’t know why people waste money going to their movies. If this hits the general movie going public hard enough, they won’t make any money. At least the Republicans could have gotten that benefit for Hollywood out of there—jeesh
It’s the Marxist way. Those in the Inner Circle get the benefits and those in the outer circle pay for them.
Happy New Year
BIG GOVERNMENT IS CRONY SOCIALISM
“Socialism Is Legal Plunder” - Bastiat
Economic enslavement of many, so that others get livin’ large (lots or appropriate for their circumstances) money.
Money taken for redistribution to fund economic satisfaction for clamoring collectives.
In other words...What’s new? The “new normal” has been going on for many years.
What’s the problem?...
And Goober Graham was out this morning talking about how we need
spending cuts, one night after he voted for a bill that had 330 billion
in new spending. Primary him out.
Sounds like Sean Penn’s due for another taxpayer bailout.Thank God for that!
Hollyweird hypocrites... is anyone surprised?