NY pols eye ending obscene Hollywood subsidies - but NOT to cut the taxpayers a break

Sen. Liz Krueger emphasized the need for New York state to reassess its programs, insisting on the importance of evaluating whether they are justifiable uses of public funds.

The $700 million tax credit for Hollywood productions has been criticized for not delivering sufficient economic returns, raising questions about its value to taxpayers and the state's economy.

E.J. McMahon argues that the tax credit effectively acts as a grant to the film industry, suggesting that continued filming in New York would occur without such incentives.

Despite acknowledging issues with the current tax subsidy, state lawmakers recently renewed the program, indicating an ongoing preference for Hollywood-friendly policies in New York's budgeting.

Read at New York Post