Posts Tagged ‘trickle down economics’

John Nolte

Hollywood to America: Trickle-Down Economics Works Only For Us

by John Nolte

Other than a self-made governor who chose not to abort her unborn Down syndrome child, nothing gets the Hollywood Left more outraged than what they call, “tax cuts for the rich,” or “corporate welfare.” For nearly thirty-years now, studio chiefs, millionaire actors and millionaire directors have created and distributed movies and television shows laced with propaganda opposing “trickle-down economics.” Most of us have also been subjected to Reaganomics’ bashing in popular music and novels, as well. 

And yet… [emphasis added]

The California Film Commission on Monday announced that 25 productions had been awarded tax credits, which refund 20% or 25% of all spending in the state on so-called below-the-line employees, Hollywood parlance for behind-the-scenes crew. …

The state is awarding $67.5 million in tax credits for the 25 productions. Amy Lemisch, director of the CFC, said those movies and TV shows will spend $347 million on below-the-line employees. Lemisch said she was confident the vast majority of that money would otherwise not have been spent in California.

Productions using the credits include CBS Films, DreamWorks, Sony, Comedy Central, and Disney.   (more…)

Larry O'Connor

Trickle Down Economics on Broadway

by Larry O'Connor

It’s no secret that Broadway theatre owners are generally members of the Democratic Party. The late Gerald Schoenfeld, long-time Chairman of the Shubert Organization had the honor of certifying the ballot for then-Gov. Clinton at the 1992 DNC in New York. Rocco Ladesman of the Jujamcyn Theatre chain is a big contributor to Democratic nominees as is James Nederlander (although he has spread a little bit out to some GOP causes). (more…)