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Adam Schiff Urges Federal Incentive to Keep Film and TV Production in U.S.
Rep. Adam Schiff on Thursday pushed for a federal tax incentive that would keep Hollywood jobs from going overseas.
“In order for the U.S. to maintain its standing as a leader in the film and television production industry and spur more American jobs, we must create competitive labor-based incentives for U.S.production,” Schiff said in the letter. The industry has long sought a nationwide film incentive, which would supplement the state-by-state tax credit programs in places like Georgia, New Mexico, California and New York. “We support the concept of a federal incentive for the creation of film and TV, provided the plan also has mechanisms to uphold labor standards,” Loeb said.
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