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Down1
2nd January 2013, 04:10 AM
The Senate passed legislation meant to end the "fiscal cliff" crisis in the wee hours of the morning. And it seems Hollywood's rigorous backing of President Barack Obama and his Democrat peers in the waning months of 2012 paid off.

Section 317 of the freshly approved 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.

The original tax incentive applied to productions costing less than $15 million to make ($20 million in low-income areas). The 2008 extension applies to all films, up to a deduction of $15 million (or $20 million in low-income areas). The incentive is especially generous to television series; it applies to each TV episode.

Hollywood players routinely beg the government to raise their taxes so they can pay their "fair share."
http://www.breitbart.com/Big-Hollywood/2013/01/01/hollywood-loophole-fiscal-cliff


http://www.breitbart.com/Big-Hollywood/2013/01/01/hollywood-loophole-fiscal-cliff

Twisted Titan
2nd January 2013, 05:59 AM
They demanded a plan and GOT IT

midnight rambler
2nd January 2013, 06:03 AM
Govt. subsidy to insure those hyper violent pro-MIC, pro-gun control, culture destroying movies are steadily pumped out without any hiccups. (no doubt the pressure was on - "Give us our richly deserved cut or we will slow the flow of the spice...and you know, the spice must flow.")

The intent/meaning of the Third Commandment (Thou shalt not make unto thee any graven images...) becomes more and more clear to me every day.

Ponce
2nd January 2013, 08:12 AM
We already know who own the tv and movie industry.......any surprise out there?

StreetsOfGold
2nd January 2013, 08:42 AM
The magic wand in the tarot card (the magician) is made of Holy-wood ie. hollywood http://www.ens-newswire.com/ens/mar2010/2010-03-19-01.html

Use to seduce through magic . It's all one big occultic power with Satan at the head.

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcRiXaSRvdtaV2w8CdDzyOC156dbByebX 8uGkvoJ2oIv_6BR70xo2A