U.S. States Spend Billions In Tax Credits To Woo Film & TV Production. Is That Money Wasted?

Industry lobbyists, and the lawmakers on their side, insist that the subsidies create $6 or $7 of “economic activity” for each $1 of state expenditure or forgone revenue. Independent experts keep finding that state coffers get back between 15 and 35 cents for each of those dollars. – The New York Times

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