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Federal Film Tax Credit Could Cost Up to $50 Billion
A proposed federal film tax credit in the United States could end up costing taxpayers as much as $50 billion, according to an analysis by the Cato Institute. The estimate has drawn attention to the price of federal incentives aimed at supporting domestic film and television production, with critics arguing the subsidy would be a costly handout to a wealthy industry.
Why now: A think tank's high cost estimate for the proposed film tax credit has sparked debate over federal production subsidies.
Cato InstituteUnited Statesfilm industry
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- Federal Film Tax Credit Could Cost Up to $50 Billion · Cato Institute
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