AFP Directs Lawmakers To Oppose Film Industry Tax Breaks
AFP Directs Lawmakers to Oppose Film Industry Tax Breaks
“We’ve seen this movie before, and it’s a flop”
TRENTON—Americans for Prosperity, the state’s leading grassroots, free-market group, is calling on Senate lawmakers to oppose corporate welfare tax breaks to the film industry.
State director Daryn Iwicki sent a letter to Senate lawmakers yesterday urging a no vote on Senate Bill S779, which is scheduled for a vote in the upper chamber Thursday afternoon. The measure would provide a total of $60 million in tax breaks for the film and digital media industry in an effort to lure them to the state.
“We’ve seen this movie before, and it’s a flop,” said AFP state director Daryn Iwicki. “Other states from New York, to Michigan, to Louisiana, to Arizona have tried luring the film industry to their states with these kinds of taxpayer giveaways and it always results in a hit to taxpayers.”
“Most states recover barely a fraction of every $1 in tax breaks and the promised jobs and economic growth never transpire. This is a net loser in and will cost the State precious revenues,” added Iwicki.
“Big Hollywood shouldn’t be getting a handout when we can’t even afford to pay our bills or make the required payments to our pension system,” charged Iwicki. “Whoopi Goldberg and Steve Spielberg don’t need tax breaks to make a film here. The root of the problem isn’t that New Jersey isn’t offering the next best deal. The problem is our tax climate is killing us and New Jersey families and small businesses are getting hammered every day.”
“The era of corporate welfare and cronyism needs to come to an end in New Jersey. Voting against this legislation would be a good start.”
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Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFP educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFP is more than 2 million activists strong, with activists in all 50 states. AFP has 34 state chapters and affiliates. More than 85,000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit www.americansforprosperity.org
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