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.