Massachusetts Ending Welfare for Hollywood Billionaires

"Lucrative tax credits for the film industry — has been tried out in many state laboratories over the past decade and a half. As many as 44 states have offered the subsidies, among them Massachusetts, which is currently spending $80 million yearly in givebacks to Hollywood producers. The tax credits have their ardent defenders; what corporate-welfare program doesn’t? But the results haven’t lived up to the hype. Almost nowhere have the lavish subsidies led to a robust, homegrown movie industry."