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For film industry supporters in Michigan, Gov. Rick Snyder's proposal to cap film subsidies was "the sum of all fears." Depending on whom you ask, capping the subsidies at $25 million per year would either help balance Michigan's budget or kill Michigan's film industry. Detroit Free Press columnist Mitch Albom says the cap is "the economic equivalent of pulling the switch and shutting all the lights off. Michigan Budget Director John Nixon responds, "The bottom line is, these credits spend more than they bring in."
Click here for more information on the underreported costs of the film subsidy program.