Tax Deal Is A Victory For Hollywood Cronyism

 

 

 

 

” Whereas “you guys”—by which Matthews meant the good guys, the Hollywood liberals—donate to Obama “for cultural reasons because you share values with the president.”

“That’s exactly right,” Reiner said. “And it’s interesting. But the Hollywood community is the only donor base, as you call it, that would—that has no quid pro quo.”

Yes, it is interesting. It is interesting that Matthews and Reiner were so completely and totally ensconced in their blanket of self-righteousness that they never stopped to consider that “people on Wall Street and the business world, in Texas and around there,” might also donate to Republicans because they share Republican cultural values. “

 

No Quid Pro Quo Here …

 

” The sordid details of the fiscal cliff bill are more difficult to ignore. Once again the “only donor base” that “has no quid pro quo” saw its quo multiply nicely. The tax break that allows film and television studios to expense millions of dollars if they operate within the United States costs around $300 million a year. It was set to expire at the end of 2012. However, the efforts of Chris Dodd at the Motion Picture Association of America and of other Hollywood minions ensured that American taxpayers would provide this subsidy to Katzenberg and Spielberg and Clooney and company for at least another two years.”

 

Only In Obamerika Do Those Clamoring Loudest For Tax Hikes Receive The Best Tax Breaks

 

” The Sunlight Foundation Reporting Group has the most comprehensive catalogue of the gifts included in the fiscal cliff bill for Obama’s favorite constituencies. There is the Production Tax Credit, which benefits the alternative energy industry and its liberal benefactors. There is the exemption for New York City bonds, which is intended to help the city recover from a terrorist attack that occurred 11 years ago but which also helped line the pockets of Goldman Sachs and the future members of Democratic administrations employed there. There is a tax credit for maintaining railroad tracks for which BNSF Railway lobbied intensely. BNSF is a subsidiary of Berkshire Hathaway, which is of course the conglomerate operated by the billionaire Democratic donor and oddball Warren Buffett.”

 

 

 

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