Film Tax Credit Horror Show For Pa.

Film Tax Credit Horror Show For Pa.

By Lowman S. Henry

Every survey or study of state-by-state economic competitiveness puts Pennsylvania in the bottom third when it comes to the tax and regulatory policies that comprise a state’s business climate. Rather than reform those policies to make Penn’s Woods more competitive, officials have attempted to spur economic development through tax credits and other incentives awarded to specific businesses.

This policy of having government pick winners and losers has been an abject failure. After decades of what amounts to corporate welfare handed out to well-connected businesses, the needle has not moved on the state’s standing relative to the 49 other states in economic competitiveness.

Despite this bipartisan alliance of governors, lawmakers and deep state bureaucrats stubbornly resist ending these handouts and replacing them with tax and regulatory policies that would provide an across-the-board boost to all businesses regardless of size or political connections.

A prime example of such government waste is the film tax credit program. It was initiated by Governor Ed Rendell in 2007 when $75 million was inserted into the state budget in what he touted as an effort to get production companies to bring more high-dollar projects to Pennsylvania. Under the scheme, production companies can get a tax credit of up to 25% of costs if at least 60% of those expenditures occur within the commonwealth.

Aside from the obvious absurdity of having state taxpayers subsidize highly profitable out-of-state film-makers, it turns out production companies are not actually using the credit, but are “selling” them to other businesses in exchange for cash.

State Representative Dawn Keefer (R-York/Cumberland) has shone the spotlight on this boondoggle after she learned recipients of the film tax credit have sold about 99% of the credits to other companies. Those companies, says Keefer, have nothing to do with the film industry “showing the true financial incentive for the production is the greater gain to be had by selling the credits to large corporations and paying the Pennsylvania assessed taxes.”

In fact, the practice is so prolific that there actually are secondary tax brokers who make large fees by guiding the deals that transfer the tax credits from film production companies to other corporations. “At the end of the day,” says Keefer, “the production companies (many of them in town for only a short season) get cash, large corporations avoid paying taxes and PA taxpayers subsidize business the government deemed most worthy with no substantial benefit to the state’s economy.”

Keefer has proposed legislation that would disallow the sale of these tax credits going forward. That would force production companies to utilize the tax credits themselves, fulfilling the intent of the legislation that initially set up the program.

There are several additional layers of reform that need to be addressed. First, the film tax credit program needs to be ended. It originated as a gift to Governor Ed Rendell’s Hollywood friends and survives because certain lawmakers from both parties continue to conspire to keep the tax credit intact.

Second, there is an overarching policy issue, and that is the need for the entirety of state government to finally admit that the practice of picking winners and losers has failed to make Pennsylvania even reasonably competitive among other states.

High taxes and over-regulation discourage businesses from expanding or locating here and no amount of tax credits or other targeted incentives is ever going to change that equation. This is especially true as other states do enact such reforms, thus improving their economic climates and making Penn’s Woods even more economically uncompetitive.

Pennsylvania has benefitted from the roaring Trump economy, but not to the extent it should, because our state-level policies are holding us back. It will take leadership and a total change in the mindset of policymakers, but until we make those changes we will never be, as former Governor Tom Ridge often said, “a leader among states and a competitor among nations.”

Mr. Henry is chairman and CEO of the Lincoln Institute and host of the weekly Lincoln Radio Journal

Film Tax Credit Horror Show For Pa.
Film Tax Credit Horror Show For Pa.

Ask Beth Ann Wilson Career Coach

Ask Beth Ann Wilson Career Coach by Kate Rainey

Beth Ann Wilson, who specializes in career transition for those of all ages and diverse backgrounds, will discuss how conducting a job search and planning for a career shift raises many questions with Joseph’s People 7 – 8:30 p.m., Sept. 3, at Media Presbyterian Church, 30 E. Baltimore Ave., Media, Pa., 19063. All are welcome to the free event, regardless of religious affiliation.

Ms. Wilson will create a safe place to ask questions, hear the rationale behind job seeking and career planning answers so you can address future challenges with confidence. Questions discussed include when interviewing, how do I answer the salary question? How do I ask a contact for an introduction to a hiring manager at their organization?  What is the best use of my time when seeking my next position? Is my LinkedIn profile searchable? Is volunteering in a career or organization of interest a good idea? How can I respond to employers who think I am overqualified or lacking experience, too young or too old, have too much or too little education? 

Ms. Wilson, who has a M.Ed., and CMF, brings a lifetime’s worth of expertise to her independent career coaching practice. Professionally recognized as a Board certified Career Management Fellow from the Institute of Career Certification International, Beth has held leadership roles in global and local professional associations. She earned a M.Ed. in Counseling from Pennsylvania State University and a B.A. in Psychology from Dickinson College. She serves on the Steering Committee of Joseph’s People Central Delaware County. 

Joseph’s People of Delaware County is a non-profit organization dedicated to helping unemployed and underemployed workers. Local, affiliated chapters provide networking opportunities, guidance and emotional support to job seekers and career changers. For more information visit www.josephspeople.org or email contactus@josephspeople.org.

Ask Beth Ann Wilson Career Coach
Ask Beth Ann Wilson Career Coach

Bait of pleasure William Lawrence Sr Cryptowit 8-22-19

Bait of pleasure William Lawrence Sr Cryptowit 8-22-19

Ilhbaf huk mvssf hyl vsk jvtwhupvuz.
Iluqhtpu Myhurspu 

Bait of pleasure William Lawrence Sr Cryptowit 8-22-19 Sing ye to the Lord a new canticle: sing to the Lord, all the earth. Sing ye to the Lord and bless his name: shew forth his salvation from day to day. PsalmsAnswer to yesterday’s William Lawrence Sr Cryptowit quote puzzle: Do not bite at the bait of pleasure, till you know there is no hook beneath it.
Thomas Jefferson

Check out the Dom Giordano Show on WPHT 1210 AM

Entrepreneur William Lawrence Sr Omnibit 8-21-19

Entrepreneur is a French word meaning “one who undertakes”. It was adopted rather than translated into English because the word “undertaker” was already in use.

 
Hat tip Entrepreneur magazine.
Entrepreneur is a French word meaning "one who undertakes".
If I ever become a professional wrestler, I’ll call myself The Entrepreneur
Entrepreneur William Lawrence Sr Omnibit 8-21-19

Ending Chesco Inquisition Drama

Ending Chesco Inquisition Drama — We’ve been told that we never properly ended our Chesco Inquisition story that started on New Year’s Eve 2015 when we wrote how Elks Township committeewoman Donna Ellingsen was ordered to appear before a board of inquisitors for supporting conservatives and opposing the corruption and incompetence rampant in the Chester County GOP establishment.

Ending Chesco Inquisition Drama
The winner

Yeah, hindsight proved her 100 percent right.

After much drama, her constituents ended up promoting her to Area 19 chairwoman, and of course her number one adversary Val DiGiorgio ended up slinking off in disgrace for other matters.

Even though Donna ended up as area chairwoman the party leadership went after her again.

Anyway, we were told we never reported that in March 2018, a tribunal of area chairs cleared her albeit through gritted teeth.

Victory is sweet.

Ending Chesco Inquisition Drama

Stan Casacio Ad For GOP Unity

Stan Casacio Ad For GOP Unity — Stan Casacio, the Republican nominee for Montgomery County (Pa) controller, is asking to give his ad calling for Republican unity as much publicity as possible.

We are happy to do so.

The controlling Democrat majority really is sucking the blood out of the county’s taxpayers. One of the Democrat commissioners really has been credibly accused of rape.

Hey Joe Gale, stop whining about the primary and start seeking justice for Pauline Braccio.

“My way or the highway” usually means you end up on the highway or in fourth place anyway.

Yeah, you’ve done a good job calling out the corruption but you are never going to fix anything in the minority. The GOP has a chance to take it all this November. Is the county’s Republican establishment corrupt? Maybe, but the Ds are running things and there is no maybe about their corruption.

Reform is slow but if it doesn’t start it doesn’t exist. The Ds staying in charge means it doesn’t start.

The only way you would not want the Ds out would be if you think in confers some sort of personal advantage. Please say you don’t think that.

Montco residents just hit the R button this November.

Stan Casacio Ad For Unity
Stan Casacio Ad For Unity
Stan Casacio with Dom Giordano when he spent his own time and treasure fighting the Republican establishment in 2016.

Striving toward God William Lawrence Sr Cryptowit 8-21-19

Striving toward God William Lawrence Sr Cryptowit 8-21-19

Ju tuz hozk gz znk hgoz ul vrkgyaxk, zorr eua qtuc znkxk oy tu nuuq hktkgzn oz.
Znusgy Pkllkxyut 

Striving toward God William Lawrence Sr Cryptowit 8-21-19 Sing ye to the Lord a new canticle: sing to the Lord, all the earth. Sing ye to the Lord and bless his name: shew forth his salvation from day to day. PsalmsAnswer to yesterday’s William Lawrence Sr Cryptowit quote puzzle: To think is of itself to be useful; it is always and in all cases a striving toward God.
Victor Hugo

Check out Kim Kennedy’s It’s A New Day on WFYL 1180 AM

Curly Putman William Lawrence Sr Omnibit 8-20-19

“En sång en gång för längese’n” was a big hit in Sweden in 1967. It translates to green, green grass of home. It was written, not the Swedish lyrics of course, by Curly Putman who also gave us  “He Stopped Loving Her Today” and “D-I-V-O-R-C-E.”

Curly Putman who also gave us  "He Stopped Loving Her Today" and "D-I-V-O-R-C-E."
How come the victim of the guy executed never got a song?
Curly Putman William Lawrence Sr Omnibit 8-20-19

1619 New York Times Garbage

1619 New York Times GarbageThe New York Times is starting a divisive propaganda push to convince Americans that our country didn’t start in 1776 with the Declaration of Independence but in 1619 “when a ship carrying enslaved Africans landed in Virginia.”

This is going to backfire. You see those 20 Africans were not chattel slaves bound for life but indentured servants much as half of the European immigrants to the colonies were. These Africans were put in bondage by other Africans. Europeans gave money to those who had put them in chains allowing them to gain their freedom after a period of labor– at least in Virginia. It wasn’t all that bad a deal for them.

One of those 20 original indentured servants was an Angolan who took the name Anthony Johnson. After Johnson served his indenture and gained his freedom, he became a successful tobacco farmer. He got an African indentured servant of his own named John Casor.

Except Johnson didn’t free Casor upon the expiration of the indenture.

So Casor got help from an English neighbor, who compelled Johnson to grant Casor’s freedom. The victory, however, was short lived. Johnson filed his own lawsuit in 1654 in Northhampton County, Va. The powers that be felt Johnson had a pretty neat idea, and ruled in his favor binding Casor to him for life.

And hence the vile evil of chattel slavery was born.

If The New York Times wants to argue that our founding father was Anthony Johnson, well, it would certainly be an interesting thing to teach during Black History Month.

The United States was founded on July 4, 1776. Almost immediately upon declaration of independence the British mandate to maintain slavery was rejected by the Northern colonies and abolition began, starting with the counties of New York that would become Vermont in 1777 and then Pennsylvania in 1780. Note this was before the Treaty of Paris was signed and the Revolution still raged.

Skin color is meaningless. Judge people by their character.

The New York Times is garbage. All decent people should ignore it.

1619 New York Times Garbage
1619 New York Times Garbage

Hunger in frost William Lawrence Sr Cryptowit 8-20-19

Hunger in frost William Lawrence Sr Cryptowit 8-20-19

Yt ymnsp nx tk nyxjqk yt gj zxjkzq; ny nx fqbfdx fsi ns fqq hfxjx f xywnansl ytbfwi Lti.
Anhytw Mzlt  

Hunger in frost William Lawrence Sr Cryptowit 8-20-19Answer to yesterday’s William Lawrence Sr Cryptowit quote puzzle: They must hunger in frost who will not work in heat.
John Quigg

Check out the Dom Giordano Show on WPHT 1210 AM