Film Tax Credit Cuts Make Sense, Halifax Think Tank Says
Film tax credit cuts make sense, Halifax think tank says Not government’s job ‘to prop up businesses’ The provincial government shouldn’t back down on cuts to the Nova Scotia film tax credit, the head of a Halifax-based economic think tank said Wednesday. “The business of government is not to prop up businesses,” said Marco Navarro-Genie, president and CEO of the Atlantic Institute for Market Studies. “It’s to run a government.” “The real point ought to be whether government should be engaged in doling out public money to money-making industries,” he said. “It’s not government’s place.” Navarro-Genie said government shouldn’t cherry pick industries to subsidize, essentially choosing winners and losers. Instead, he said the province should tally up all the subsidies offered to industry and invest the money into an across-the-board tax cut. He said this would be more fair as it would put all industry on equal footing.