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USC Professor Slams Film Tax Incentives as Costly Burden

4/1/2025

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Summary

Story summary

USC professor Michael Thom delivered a compelling testimony to California's Senate Committee, arguing that film production tax incentives are a financial burden. His research reveals these incentives fail to produce enough economic activity to justify their costs, with only fleeting job creation that exacerbates the state's budget deficit.

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Story summary

USC professor Michael Thom delivered a compelling testimony to California's Senate Committee, arguing that film production tax incentives are a financial burden. His research reveals these incentives fail to produce enough economic activity to justify their costs, with only fleeting job creation that exacerbates the state's budget deficit.