In 2010, taxpayers spent nearly $40 million to subsidize Disney's new "Oz: The Great and Powerful." This year taxpayers are expected to foot the bill for another $50 million in film subsidies.
Meanwhile, Lansing lawmakers are discussing a $1.2 billion tax increase for transportation funding. Before lawmakers even think about increasing taxes, they should prioritize the tax revenue they receive and eliminate ineffective programs, like film subsidies.
Headlines of celebrities in Michigan may have an emotional appeal, but no economist or researcher has found film subsidies for big Hollywood businesses to have a net benefit for residents.
Tell your lawmakers to prioritize the spending.
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