Changes in Tennessee’s Film and TV Incentive Program Could Result in More Subsidies

A new Tennessee film tax credit program will change the way that entertainment companies receive subsidies from the state, but it won’t reduce the amount that those companies receive.

In fact, it is expected to increase the incentives in a program that has paid out $88.6 million since the Visual Content Act of 2006 created the subsidies. An additional $6.5 million in subsidies had already been committed as of the most recently released report on the Tennessee Film, Entertainment and Music Commission Production Grant Program at the end of 2021.

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Commentary: Biden’s Electric Car Plan Means Rigging Manufacturing to Favor Unions

At NREL future research should focus on understanding consumer driving and charging behavior and the nuances determining the choice of residential charging infrastructure for plug-in electric vehicles (PEV). Shown is in the Power Systems Lab in the Energy systems Integration Facility (ESIF)

In a highly orchestrated and publicized White House gathering this month, President Biden presented a detailed plan for the development of a U.S. fleet of clean, high-mileage electric automobiles that would reduce reliance on gasoline and generate thousands of good union jobs. It’s a new, government-encouraged, taxpayer-subsidized auto world. The plan calls for U.S. auto production to become 50% electric by 2030. Today, the electric share stands at a paltry 2%.

Top leaders from Ford, GM, and Stellantis (formerly Fiat-Chrysler), along with environmentalists and governors, were prominently invited to share in the announcement. Yet the absence of any non-union, America-located auto producers was glaring. There were no representatives from Hyundai, Nissan, or Toyota – companies that have long produced popular vehicles within our borders and recently expressed some support for Biden’s goal. Also striking was the absence of Tesla’s Elon Musk, the world’s acknowledged leader in the electric car and battery revolution. Tesla is an American firm, but it is not unionized.

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Arizona’s U.S. Senator Mark Kelly Proposes Legislation to Fund Local Mainstream Media

Sen. Mark Kelly (D-AZ) joined U.S. Sens. Maria Cantwell (D-WA) and Ron Wyden (D-OR) to co-sponsor legislation that indirectly funds local media. The Local Journalism Sustainability Act establishes tax credits that give consumers a huge deduction on media subscriptions, subsidizes journalists’ salaries, and funds news outlets by paying for businesses to advertise.

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Commentary: Biden’s $2 Trillion Infrastructure Plan is Loaded with Corporate Welfare

President Biden has just unveiled a new $2.3 trillion “infrastructure” plan, but a shockingly large portion of this bill is actually unrelated to infrastructure.

The plan includes massive subsidies for corporations as well as state and local governments, and comes right after the administration’s proposed increase in the corporate tax rate, which would raise the rate from 21 percent to 28 percent.

There’s $300 billion for manufacturing, $100 billion for electric utilities, $100 billion for broadband, $174 billion for electric vehicles, and a whole lot more. A significant portion of this spending is directed at subsidizing big corporations.

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Volkswagen Hires Retired Sen. Corker’s Former Chief of Staff Womack to Handle Lobbying

Volkswagen hired Bob Corker’s former chief of staff, Todd Womack, to do lobbying on trade matters, proving that working as a public servant can pay off. Womack made the announcement Friday on Twitter: “Excited to be working with @VW.” He is president and CEO of Bridge Public Affairs, a lobbying…

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Beacon Center Calls ‘Cut’ on Wasteful Tennessee Film, TV Subsidies Such as ‘Nashville’

film crew

The TV show “Nashville” may finally be ending, but taxpayers have been stuck with the tab for this and other “flops,” conservative think tank says in a new report. The Beacon Center of Tennessee released the “Calling Cut on Film Incentives” report Wednesday to decry the bad “investments” the state…

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Tennessee Loses Money Spending $17,500 Per Job to Lure 1,000 AllianceBernstein Employees to Nashville from New York City

Tennessee Capital building

A $17.5 million tax incentive from the state of Tennessee to lure 1,000 jobs to Nashville–$17,500 per job—came at the expense of taxpayers to lure well-paid corporate executives when they already were drawn to the state’s other features like a favorable tax structure, experts say. The Tennessee Department of Economic…

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Congress Asked to Eliminate $270 Million a Year in Solar Subsidies

Zonnecollectoren

Conservative groups wrote a letter to Congress Tuesday asking lawmakers on the appropriations committee to eliminate a solar subsidy program worth $270 million. Conservatives want Congress to pull funding from the Energy Department’s SunShot Initiative, citing recent investigations that found the program provided subsidies for rooftop solar power. The letter…

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