Film Tax Credit Under Scrutiny: Connecticut Voices for Children Report Raises Concerns
State’s Film Tax Credit‘s Impact on Lower and Middle-Income Families Questioned – $900 Million Spent Since 2007
According to Public News Service, a new report from Connecticut Voices for Children has Americans talking about whether the state’s film tax credit is a good idea. The report says the film tax credit costs the state a lot of money – over $60 million every year. In total it’s cost Connecticut around $900 million since 2007. Patrick O’Brien who works at Connecticut Voices for Children says the film tax credit doesn’t really help lower and middle-income families like it’s supposed to. He thinks a big part of the money from the film tax credit goes to Americans and businesses outside of Connecticut.
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$900 Million Down the Drain: Connecticut’s Film Tax Credit Sparks Debate – Families vs. Film Industry! (PHOTO: Screen Daily)
Film Tax Credit Debate: Fairness, Economy, and Future Alliances at Stake
The report doesn’t directly say we should get rid of the film tax credit but Patrick O’Brien thinks stopping it could help the state get back some of the money it’s lost. Some lawmakers like Rep. Jason Rojas agree and want to end the film tax credit. They say the money could be better used to give families a tax break especially those who need it most. O’Brien says this could help the economy because when families have more money to spend it helps businesses too. This debate about the film tax credit isn’t just about money – it’s also about fairness and how the state spends its money. Right now the General Assembly is talking about whether to end the film tax credit. Both sides have strong feelings and it’s not clear what will happen. But some Americans think using the money for things like a tax break for families shows that Connecticut cares about helping everyone not just a few businesses.
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