LA Welfare-Dependent Film Industry
The state of Georgia has built a significant film industry by giving Hollywood studios generous subsidies in the form of tax credits — a program that costs Georgia taxpayers $1 billion a year. But Georgia governor Nathan Deal earlier this year said he would not seek to repeal the tax credits, claiming that they were an overall economic winner for the state, because they made a lot more money for Georgia than they cost the taxpayer. Does anybody know if that is true?