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All of nothing

The economic benefit of a production far exceeds the amount of the tax credits. Salaries pay bills, which pay more salaries - dollars turn over multiple times. If we don't provide the incentives the productions (and jobs, and resulting economic benefit) will go elsewhere. So we can choose to get most of something by giving a bit back or we can have all of nothing by driving the productions away.

The answer seems obvious to me.

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