Sunday, February 24, 2013

More Makers And Takers

Glenn Reynolds is furious that states are giving Hollywood $1.5 billion a year in government handouts, just furious I tell you.

The $1.5 billion in subsidies that states provide, according to the Center on Budget and Policy Priorities, "would have paid for the salaries of 23,500 middle school teachers, 26,600 firefighters, and 22,800 police patrol officers." Or it could have gone to cut taxes on small businesses, which, as Ms. Longoria noted in her DNC speech, produce two out of three jobs in the economy.

In her words: "It's the suburban dad who realizes his neighborhood needs a dry cleaner. It's the Latina nurse whose block needs a health clinic—and she knows she's the one to open it! It's the high school sophomore who is building Facebook's competitor. They are the entrepreneurs driving the American economy."

And they are the people who aren't receiving the kind of special tax treatment that states dole out to Hollywood.

"What are you going to do about that, libtards?  Huh?"

Why, point out the fact that $1.5 billion is what Reynolds' own state of Tennessee gives away in tax credits to profitable corporations every year, or 14%of the state's budget.  Funny how that works, Glenn.  Where's your outrage at Tennessee Republicans for passing these incentive programs and making the taxpayers of the Volunteer State pick up the tab when that $1.5 billion could be used for "the salaries of 23,500 middle school teachers, 26,600 firefighters, and 22,800 police patrol officers" or whatever?

And sure, Tennessee doesn't need 23,500 middle school teachers.  But they fired 150 teachers in Memphis because of budget cuts.  And you know who's giving away subsidies?  Why, the top subsidy in Tennessee is Memphis, giving $132 million to Electrolux.  How many jobs did that create?  I'm betting not a lot.

Oh, and let's not forget Tennessee is one of the taker states over the last 20 years, getting $80 billion in federal tax money more than it took in. And then they turn around and give that money to corporations.

Boy, Reynolds must really, really be upset with Tennessee Republicans over that.  Oh wait, he's not?

That would make him a hypocrite.  Imagine that.

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