Politico: The Power of Semantics

States’ use of tax incentives to lure the filming of movies and television shows is one of those policy ideas that experts of basically all political persuasions are against — believing that the costs in revenue far outweighs the economic benefits generally trumpeted by politicians and Hollywood. (One example: “The competition among states on this front has bid up the incentives high enough that they’re simply not cost effective from the perspective of state governments,” according to Carl Davis of the progressive Institute on Taxation and Economic Policy.) Read more