WasteFebruary 3, 2009 - by Donny Shaw
Steve Benen at Washington Monthly does some math and finds that the items in the list come out to about $18.7 billion, or about 2 percent of the overall bill.
Related: The New York Post has the scoop on what Hollywood’s got coming to them in the bill:
>A provision in the current “stimulus” bill would allow Hollywood moguls to write off half the production and filming costs of big-budget films and TV shows.
>Backed by Walt Disney and the Motion Picture Association of America, the provision amounts to an estimated $246 million Hollywood tax break over 11 years.
>It’s the least Democrats can do for some of their richest and most generous supporters, who gave nearly $20 million in campaign contributions to Democrats during the 2008 election cycle, according to OpenSecrets.org.
Remember, Hollywood got $470 million from Congress in last year’s financial bailout too…
UPDATE: The Hollywood tax break has been stripped from the bill by an amendment from Sen. Tom Coburn (R-OK).