VP Mike Pence may get last laugh on the Hamilton cast

When the cast of the theater production “Hamilton” lectured VP Mike Pence, they may have seen the last of a financial incentive for the Broadway industry.

Writer Mark Stern pointed this out in his recent column:

Even worse, the Administration might not be receptive to their tax-breaks. Last year, Chuck Schumer managed to slip through some boondoggle making a losing theatrical investment tax-deductible for Broadway’s angels. Given that Hamilton is the exception and that eighty per cent of theatrical endeavors close without recouping a dime of their costs, in effect Congress moved a branch of show business into the same category as a charitable donation. But it was a temporary tax-break, and it requires renewal in the new session.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.