In yet another article predicting doom for the film industry in NC due to the sizeable reduction in government handouts to production companies, we hear still more comments that must come as stunning news to the folks at the liberal NC Budget & Tax Center and the progressives who argued last year against state tax cuts because “state taxes don’t matter.”
Johnny Griffin, director of Wilmington Regional Film Commission, said for a show like “Dome,” being already established in the region can’t compete with the bottom line.
“I don’t care how much somebody likes you and loves you, they are not coming going to come here and spend 25 percent more than they can spend somewhere else,” Griffin said the commission’s board of director’s meeting last Friday.
State taxes do matter. As Griffin points out, return on investment weighs heavily and when companies can get a better return in lower-tax states, they will take their investment dollars and jobs there. According to Griffin, companies may love everything about your state, but they will not continue to invest when other states offer better returns due to lower tax burdens.
The left’s claims that state taxes don’t matter are simply detached from reality.