Over the weekend, New Mexico’s likely GOP nominee for governor touted the state’s role as a “major destination for our country’s film and TV industry.” It was painful to read U.S. Rep. Steve Pearce‘s tweet, since Errors of Enchantment has consistently debunked the specious claims of the subsidize-Hollywood lobby. (Most recently we looked at the dearth of pilots being shot here.)
But to aid Pearce’s understanding of film-and-television corporatism — as well as to inform all candidates running for state-level offices — Errors of Enchantment has compiled a handy chart of the Rio Grande Foundation’s database of independent analyses of state “incentive” programs.
The numbers are stark. After more than a decade of research, not one study has shown that return on taxpayer “investment,” per dollar, exceeds 49¢. Liberal states, conservative states. Legislative researchers, executive-branch auditors. The results are the same.
Never mind its boosting of an industry infested with far-left activists, and its funding of a militant union that forcibly extracts tribute from workers. Handouts to Hollywood are a net money-loser for taxpayers. And that’s why New Mexico should join the growing list of states that have repealed their costly and unproductive giveaway programs.