For Immediate Release
Jan. 28, 2010
Morey Fiscal Policy Initiative
MIDLAND — The 2009
documentary "Capitalism: A Love Story," produced by Michigan filmmaker Michael
Moore, has been approved for a subsidy from the Michigan Film Office, according
to a video
released today by Kathy Hoekstra, communications specialist for the Mackinac
Center for Public Policy. Moore is a member of the Film Office Advisory
Council, which advises the state-run Michigan Film Office.
"While we don't blame
Mr. Moore and his production team for taking what is offered, it's striking
that a movie focused on the inequities of granting taxpayer dollars to private
enterprise would apply for and receive taxpayer-funded incentives," said
Michael LaFaive, fiscal policy director at the Mackinac Center. "Government
should not be bailing out or subsidizing Wall Street banks or main street
filmmakers. As Moore knows, this marriage between government and business — in
the name of creating and saving jobs - can facilitate every sort of mischief."
At a forum in July
2008, Moore seemed critical of the program, which provides filmmakers with
refundable tax credits worth as much as 42 percent of expenditures for movies made
in the state.
"These are large
multinational corporations — Viacom, GE, Rupert Murdoch — that own these
studios," said Moore at the Traverse City event. "Why do they need our money,
from Michigan, from our taxpayers, when we're already broke here? I mean, they
play one state against another, and so they get all this free cash when they're
making billions already in profits. What's the thinking behind that?"
director of the Michigan Film Office, would not disclose how much the payment might
be for "Capitalism: A Love Story."
state's precarious fiscal status, should struggling families and businesses
continue subsidizing filmmakers?" asked LaFaive. "How can a state with the
nation's worst unemployment rate justify special tax favors to millionaire
filmmakers? We already know the incentive fails
as an economic development tool."
A more detailed
analysis of "Capitalism: A Love Story," the Michigan film incentive and the
appearance of a conflict of interest can be found at www.mackinac.org/12024.