Maybe this time we can end ONE particular part of an ongoing ‘eating out of our substance’ for the purposes of one industry’s benefit. HB4122 will do this, and we support its passage. The Ivory Tower reports on the effort to push through this bill with some commentary on both sides of the debate. Supporting removal of the subsidies is one former lawmaker:
“The film subsidies send much of the $50 million allocated to them, out of state — to Hollywood millionaires and billionaires,” said former state Rep. Tom McMillin, a leading opponent of the incentives. “A lot more jobs will be created by keeping that money in Michigan and employing Michigan workers to fix roads or keep the money in the pockets of business owners across the state, so they can hire more employees.”
Indeed, one of the missed points when giving taxpayer money away is what the benefit might have been if it had been left in the hands of those who produced it.
This is a start. Rumors of a bill to end the MEDC have been floating around, and would be well received by overtaxed Michiganians, but so far no such effort from ANY lawmaker has borne any fruit.