As a cinephile with a heart for Hollywood and decades of watching my favorite films unfold under the California sun, I wholeheartedly support Rep. Adam Schiff‘s push for a federal incentive to keep film and TV production at home.
On Thursday, Representative Adam Schiff expressed his backing for a national incentive aimed at preventing the relocation of film and television production to foreign lands.
Shifting gears slightly, Schiff – set to serve as California’s senator – penned a correspondence to the Bureau of Economic Analysis and the Bureau of Labor Statistics, requesting information regarding how foreign incentives influence our home-grown industries.
To keep America at the forefront of movie and TV creation, and to generate additional US employment opportunities, it’s crucial that we establish attractive workforce-focused incentives for domestic production,” Schiff wrote in the letter.
For years, the film industry has been advocating for a federal film incentive program. This initiative would complement existing state-level tax credit schemes found in states such as Georgia, New Mexico, California, and New York.
US production rates have significantly declined over the past three years, with a contributing factor being the 2023 strikes, but also due to an overall industry downturn. Additionally, Hollywood unions have noted the attractive incentives provided by countries like the U.K., Canada, Australia, and others, which have enticed productions to move abroad.
In a statement issued on Thursday, IATSE International President Matt Loeb expressed his backing for a U.S. incentive, stating that such a measure would help to even the competition and rectify the current disparity.
Loeb stated that they favor a federal initiative boosting the production of movies and TV shows, as long as it includes safeguards for workers’ rights. They are determined to protect and revitalize the U.S. entertainment sector and eagerly anticipate collaborating with various groups, including members, local unions, partners, and officials at all governmental levels to make this happen.
In a recent interview, Loeb expressed that a federal incentive might not be completely out of the question.
He mentioned that whether it’s feasible is still uncertain, but given its worldwide nature, every thriving manufacturing hub around the globe seems to have a motivation to succeed, with the exception being the United States.
On Sunday, California Governor Gavin Newsom suggested boosting California’s production tax incentive from $330 million to $750 million, as a means of addressing the struggling job market in the state. During a press conference following his announcement, he also hinted that Vice President Kamala Harris might advocate for a similar federal incentive should she be elected as president.
Newsom implied that the federal government could also contribute, and he subtly hinted at a potential future U.S. President who hails from Los Angeles. She might offer some insights on this topic, so keep an eye out.
Neither Harris nor Donald Trump has proposed such a plan.
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2024-10-31 19:46