Not Just Wall Street, but Hollywood Blvd., too
Surprise! The bailout includes unrelated giveaways to the undeserving rich!
Hollywood would get a little unexpected boost from the proposed $700-billion bailout of the nation's financial system.
The bill wending its way through Congress would provide tax breaks worth more than $470 million over the next decade for movie and TV producers that shoot in the U.S.
My favorite bit from the L.A. Times story:
Representatives of the Motion Picture Assn. of America, the Directors Guild of America and the Independent Film and Television Alliance, which backed the measures, said it was premature to comment because they had not been approved.
Like Congress, apparently, the MPAA doesn't want to get in the way of legislation by discussing it before it passes.
