PSN has noted in previous Dispatches, these credits are costly, favor out-of-state workers, offer minimal to no returns, do not create permanent jobs, and place an excessive burden on taxpayers in a time of economic uncertainty. The Massachusetts Department of Revenue recently determined that in twelve states that administer a film tax credit, the return is extremely meager-- finding that states were only getting back "$.0.07 to $.0.28 per dollar of tax credit granted."
Last Tuesday, Oregonians overwhelmingly approved
two ballot initiatives that ratified legislative action last year to
increase high-end personal income and corporate taxes. The failure of the anti-tax movement in Oregon
is one more in a long stream of right-wing initiatives
rejected by voters at the ballot box. In fact, progressive revenue
generation as part of a balanced approach to addressing state deficits
has been popular with both voters and legislatures for years. This Dispatch
will provide both the facts and messages to debunk opposition to smart
revenue options, while outlining a few of the best revenue approaches
to filling budget holes.
While the governors' races in New Jersey and Virginia got most of the headlines, other state races around the country delivered a mixed message by voters on a number of issues. Read more about anti-tax forces continue to fail at the ballot box, a split vote on gay and lesbian unions, how voters continue to support public investments, and more.