January 12, 2009
By Gerard Matthews
Some don't see it that way. In early December, Josh Barro of the Tax Foundation, a non-partisan think tank based in Washington, D.C., gave a presentation to legislators on Arkansas's tax policy. He said some states like Michigan, a state that offers a 42 percent tax credit, are hurting themselves by offering such lucrative bait for the film industry.
"It's so heavily subsidized in other states that I think it's not a good time for states to try to get involved in trying to attract the film industry," Barro said. "So I would just encourage you to sit back and enjoy the subsidized movies you're watching at the expense of taxpayers in other states."