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New Mexico Wisely Breaks With Bad California Tax Policies
New Mexico Wisely Breaks With Bad California Tax Policies
Jan 11, 2025 3:56 PM

The best show on TV over the past five years has, in my not-so-humble-opinion, been AMC’s Breaking Bad. This is one over-hyped show that lives up to all of it (and more).

While the on-air sage of Walter White concludes this summer, Breaking Bad‘s pop-culture legacy may take a back-seat to it’s legislative and fiscal ones.

From The Hollywood Reporter:

New Mexico Gov. Susana Martinez signed into law Thursday the state’s “Breaking Bad” bill, which will increase subsidies on film and TV productions shot in the state now famous for the AMC drama.

The law increases New Mexico’s rebate for series television production to 30 percent of a producer’s total qualified spend in the state. Feature films will get 30 percent back on resident labor if using a qualified production facility. They will also get 25 percent back on all other expenses. In addition, a roll-over of $10 million in unused credits per fiscal year will be allowed.

The es after Martinez, a Republican who previously has tried to rein in production subsidies, vetoed the bill March 15. The state previously offered a 25 percent tax refund on qualifying productions, with a cap of $50 million per year. Martinez put the cap in place in 2011, with members of the film and TV industry blaming it for a drop in New Mexico productions.

As a recent transplant to Los Angeles with many friends currently working at various levels of the entertainment industry, I’ve seen and heard about the effects of studios taking their film and television projects to other states (and countries) first-hand. For such a progressive, tax-and-spend, pro-big government cabal, Hollywood sure seems to know how to flip the “We’re now entrepreneurs looking petitive prices” switch when es to the bottom line of block-buster vehicles such as Hunger Games, Anchorman 2, and Dark Knight Rises.

And this is where things get mighty frustrating for a free enterprise proponent such as myself: I have no problem with it and pelled to mend any studio smart enough to break their bad ties with California’s fiscal black-hole. Why, specifically, is this so frustrating? Because, apart from a few blog-posts here and there and some strongly-worded Tweets, the much-needed impact of this lesson in ideological hypocrisy is lost on most American voters (of any age).

New Mexico is doing what any sane small business would do if a petitor willfully priced itself out petition. Other states like Georgia and Louisiana, as well as countries such as Canada and Czechoslovakia, are following suit.

But are these examples – ones that seem painfully obvious and instructive to me – making any impact on the broader culture? Do any of our co-workers, relatives, or neighbors take note of such anecdotes? Or is the quality of the anecdotes not the problem, while the obstinacy of a media/academia hostile toward free market viewpoints is?

Will Rogers liked to say that “freedom isn’t free.” Well, neither are votes people cast for big-government liberals in progressive states like California. Policies and the ideas behind them have consequences.

How do we better help our fellow citizens connect these dots?

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