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Hollywood to benefit from bailout
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10-2-2008 8:36 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/445a5b3c-5f73-4814-abb7-dbf3963ef20a/D7440A23-452B-4E98-B520-ABFA741BF384/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america" href="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america" style="font-size: 11px;">perezhilton.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america"><H2><A title="Permanent Link to Bailout To Give Money To Movies Shot In America" rel="bookmark" href="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america">Bailout To Give Money To Movies Shot In America</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america"><P>It looks like Hollywood might get <A target="_blank" href="http://www.latimes.com/business/la-fi-hollywood2-2008oct02,0,6979043.story">a piece</A> of the bailout pie!</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america"><P>In the now bloated 700 billion dollar bailout package shoving upstream through Congress, the film industry could receive up to $470 million in tax breaks to shoot at home in the United States. With that much money you could make approximately…4 average-sized Hollywood flicks.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america"><P>Just like every other major United States industry, the film industry has been going beyond the borders to make movies for less money, accounting for the loss of many industry jobs in the States and especially in Southern California.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://perezhilton.com/2008-10-02-bailout-to-give-money-to-movies-shot-in-america"><P>The tax cut would be similar to the cuts that big manufacturing companies would receive. Additionally, films that shoot in the US would be rewarded with larger tax breaks.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D7440A23-452B-4E98-B520-ABFA741BF384/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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