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Tuesday, January 1, 2013

BREAKING NEWS: OBAMA BRIBED BY HOLLYWOOD

Last night the Senate passed the corrupt Harry Reid Bill to avert the Fiscal Cliff by a vote of 89-8 in the wee hours of the morning. Today the deal seemed to be dead as it reached The House of Representatives but now magically John Boehner has caved in and this corrupt Bill will be brought to the floor for a vote. Why? We will tell you why. Republicans were threatened by Joe Biden in a back room blackmail ultimatum to pass the bill or suffer the consequences that Obama would unleash on them. Obama, who is acting more like a Dictator than a President, received millions of dollars in both campaign contributions and personal gifts and promised these Hollywood Thugs Millions of Dollars in Tax Breaks that are attached to this corrupt piece of crap Legislation and is spelled out below...



Barack Obama is the most corrupt President in American History!


FISCAL CLIFF DEAL: HOLLYWOOD GETS TAX INCENTIVE EXTENSION

The Senate passed legislation meant to end the "fiscal cliff" crisis in the wee hours of the morning. And it seems Hollywood's rigorous backing of President Barack Obama and his Democrat peers in the waning months of 2012 paid off.

Section 317 of the freshly approved legislation includes an extension for "special expensing rules for certain film and television productions." Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011. 

The fiscal cliff deal extends the tax incentives through 2013--even as payroll taxes rise on ordinary Americans.
The original tax incentive applied to productions costing less than $15 million to make ($20 million in low-income areas).
The incentive is especially generous to television series; it applies to each TV episode.

Hollywood players routinely beg the government to raise their taxes so they can pay their "fair share."
Yet the industry moves new productions to places where existing tax breaks help its bottom line. That means plenty of shows and films are shot in states like New Mexico, which feature highly favorable tax rates, as well as destinations north of the border with similar perks.

Now Hollywood has used its clout to ensure that its generous tax incentives will continue in a time of fiscal crisis.

One of the Hollywood Pigs benefiting from
 American Tax Dollars!