Captain America, Hollywood, indebted homeowners: Congress considers tax breaks for all

Cleveland Plain Dealer

WASHINGTON, D.C. — It rarely takes a superhero to get tax breaks renewed. But a Senate committee assumed the role of sidekick Thursday and voted to extend a slew of tax favors for ordinary people as well as special interests – including movie studios that want incentives to keep making films like "Captain America" in, well, America.

These tax breaks aren't final, and they're not even permanent.  Most expired in 2013 and will expire again at the end of 2015, if they progress at all in the newest attempt at renewal. It could be weeks before the full Senate takes them up, and their fate is uncertain in the House of Representatives.

But lawmakers on the Senate Finance Committee, including Ohio's Sherrod Brown and Rob Portman, praised many of these tax breaks as worthy. The notion of helping Hollywood fat cats might not set well with some, but Brown's office said that the movie and television industry have brought more than $1 billion to Ohio's economy.

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Captain America, Hollywood, indebted homeowners: Congress considers tax breaks for all »