If House Democrats have their way, your favorite Marvel superheroes will be hit with a "windfall profits" tax once an arbitrarily defined level of success has been met. Republicans argue that this will result in fewer superhero movies making it to the market.

House Minority Leader Nancy Pelosi is trying to find an 11th hour solution to Marvel Studios’ The Avengers, which is primed to be one of this summer’s biggest blockbusters. Sources close to producers Avi Arad and Jon Favreau have confirmed that the California Democrat has been in touch with Marvel Studios, and that a “windfall profits” tax will be in place before Friday, May 4 if Democrats can cobble together enough votes.

The Associated Press received the following from Pelosi’s office late Monday:

“Investments.” “Risk.” “Reward.” Such is the language of the Republican Party. Extremists. The GOP would have you believe that it was a “risk” to set up an Avengers movie with a series of films based on many of the individual characters: Thor, Hulk, Iron Man and Captain America. They would have you believe that an Avengers movie was no sure bet, and that the hundreds of millions of dollars spent on these movies and their marketing campaigns by no means guaranteed success. Rubbish! It’s high time Hollywood paid its fair share. If Democrats have their way, Marvel Studios will be the first to pay a windfall profits tax on its flagship characters, in addition to their corporate taxes (which also need higher rates). Warner Bros. will then follow suit in August, when The Dark Knight Rises takes number one at the box office. Behind every Bruce Wayne and Tony Stark movie are greedy Hollywood producers; that will change starting today.

The Hollywood Reporter seems to back up the Minority Leaders predictions, at least in this isolated case, although the philosophical debate is something that will have to be settled inside the Beltway on on cable news airwaves:

Avengers also is tracking better than Lionsgate’s blockbuster The Hunger Games, which posted a record March bow of $152.5 million to score the third-best opening of all time behind Deathly Hallows Part 2 and Dark Knight, respectively.

According to first tracking, unaided awareness in Avengers is 13 percent, compared with 10 percent for Dark Knight and 11 percent for Hunger Games; first choice is 23 percent, tying with Hunger Games and higher than the 19 percent for Dark Knight.

Total awareness is 85 percent, compared with 76 percent for Dark Knight and 74 percent for Hunger Games; definite interest is 61 percent, versus 62 percent for Dark Knight and 54 percent for Hunger Games.

Asked to comment, House Majority Leader John Boehner set up a stark (pardon the pun) contrast between Republicans and Democrats:

“The windfall profits tax proposed by Democrats will go nowhere because Americans want more Marvel movies, not less—and taxing Marvel Studios will result in less movies. Let me tell you what House Republicans will do to this bill in a way that Marvel fans—and fans of The Hulk—can all understand. BOEHNER SMASH!

Advertisements

About the Author Douglas Ernst

I'm a former Army guy who believes success comes through hard work, honesty, optimism, and perseverance. I believe seeing yourself as a victim creates a self-fulfilling prophecy. I believe in God. I'm a USC Trojan with an MA in Political Science from American University.

5 comments

  1. Pelosi off target, ahhhh doubtfull left, as always. Windfall Profit based on the Hollywood Reporter Hype? Someday Nancy needs to get her hubby to pony up and produce even a small movie and find out how much of the “box-office” is really profit. Then again they will have to make development and pre-production items debtuctable, I’ll like that. Douglas, here is the problem with the left, they do not understand commerce, money, finance or taxation. And jezz maybe they might want to hammer the actors who pocket their points,

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