Fiscal Cliff Capitulation Includes Payoff to Hollywood
Hollyweird doesn’t back Obama to the hilt out of sheer moral depravity alone. Loyal support buys it a lucrative seat at the table:
Section 317 of the freshly approved [fiscal cliff] legislation includes an extension for “special expensing rules for certain film and television productions.” Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011.
The fiscal cliff deal extends the tax incentives through 2013 — even as payroll taxes rise on ordinary Americans.
Unlike the normal Americans who are getting bled dry, Tinseltown doesn’t need the money. Ticket sales for 2012 were projected to reach an all-time high of $10.8 billion. But then, the federal government is raking in far more astonishingly excessive revenues; that doesn’t mean it won’t take more yet if it finds us unable to defend our property.
NBC reports that the 2010 winter Olympics are being hampered by an overzealous commitment environmentalism. But what did the 2008 summer Olympics think of greener-than-thou NBC deploying outdoor air conditioning(!) to cool their set during the 2008 summer Olympics in Beijing?
Whereas once any layman could instantly appreciate the beauty and craftsmanship of say, Leonardo da Vinci’s Mona Lisa, Michelangelo’s David, or a great classical symphony, in the 20 century, modern art became merely an excuse for the artist and his champion critic to write a treatise explaining the work of art in the first place. But what caused art to become so insular?
Wisconsin’s Republican Representative Paul Ryan is one of the most well known budget hawks in Congress today. Yet seeming to