Wednesday, February 04, 2009

A Small Step Toward Stimulus Common Sense

The Senate has agreed to strip out a tax break for film studios that would have allowed film projects started in 2009 to qualify for an immediate 50% write-off.

The tax break would have amounted to $246 million. Thankfully it was deemed unnecessary since ticket sales for the month of January were over $1 billion.

$246 million is a pittance compared to the overall size of the bill, but common sense has to start somewhere. Hopefully it will grow contagious.

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