In a time of record deficits and skyrocketing debt, we ask that all Americans pay their fair share. In that spirit, the administration should support the reinstatement of a 20% excise tax on all motion picture gross revenues, to include ticket sales, DVD sales, and online downloads.
This tax was integral in helping the United States recover from massive deficits incurred during World War II. Deficits are as high today as they were then. We know that we can't solve this problem with spending cuts alone. Instead, we should adopt a balanced approach and ask the the millionaires and billionaires in the motion picture industry to pay just a little bit more. End the Hollywood Tax Cuts!