Feb 03 2009
Enzi co-sponsored a measure today that would strike the quarter billion dollar tax break for the movie industry to write off 50 percent of movie production equipment costs in 2009.
"If Americans want to give Hollywood money they can go buy a movie ticket. I doubt my constituents want their hard earned tax money and the tax money of their children and grandchildren to go toward Hollywood tax breaks," said Enzi. "This trillion dollar spending bill gets two thumbs down and this earmark makes an already bad bill even worse," said Enzi.
The Senate approved the amendment to strike the Hollywood handout by a vote of 52-45.
Enzi said the inclusion of this payout to Hollywood does not fit with movie director Rob Reiner’s statement about Hollywood not being a special interest group that asks for a quid pro quo for the help it gives to some in Washington.
The amendment, #109, is sponsored by Senator Tom Coburn, R-Okla., and co-sponsored by senators John McCain, R-Ariz., Jim DeMint, R-S.C., and Enzi.
Television and movie studios are already allowed to write off up to $15 million of production costs for productions filmed in the U.S. The movie industry had its best month in history taking in more than $1 billion dollars during January 2009.