The danger of the simplistic argument that 100% comes in to the state that wouldn't come in otherwise is that some would then conclude that as long as the rebate is anything less than 100%, the state is better off. I think we all realize that can't be true so let's be careful in how we make our case.
On Dec 7, 2010, at 4:37 PM, Charles Esty wrote:
***This is a MISP Listserv message. Responses are sent to the list by default.*** ***For more info about MISP and the listserv, scroll to the bottom of the page*** *Spot on, Ken. The subsidy is a 25% return on the taxes that would normally be paid by the production. That is all new money coming in. The State ends up keeping 75% of that new money. It is not money being taken from one budget and doled out to "out-of-state media pros" at the expense of New Mexicans. On the contrary, the out-of state pros bring that money here from out of state, spend 100% of it and we give 25% back to them. Then they turn around and spend a good chunk of that 25%.LEAVING THE LIST /LIST INFO: To leave the list, please email us at: firstname.lastname@example.org For other list info, please visit: http://groups.google.com/group/nm-media-industries/web/media-industries-list-info Available in RSS: http://groups.google.com/group/nm-media-industries/feed/rss_v2_0_msgs.xmlCharlie EstyOn Dec 7, 2010, at 4:04 PM, Kenneth Knoll wrote: