Adam Schiff Advocates for Federal Film Incentives to Retain U.S. Productions
The California representative seeks to counter overseas competition by proposing labor-based incentives to boost domestic film and TV production.
- Adam Schiff, a candidate for U.S. Senate, has called for federal incentives to keep film and TV productions in the U.S., addressing a decline in domestic production.
- Schiff's proposal aims to make U.S. incentives competitive with those offered by countries like Canada and Australia, which provide substantial federal and provincial tax credits.
- The International Alliance of Theatrical Stage Employees supports the initiative, provided it includes mechanisms to uphold labor standards.
- California Governor Gavin Newsom recently proposed increasing the state's film tax credit cap from $330 million to $750 million to attract more productions.
- Schiff's letter to federal agencies requests data on the impact of foreign incentives on U.S. employment in the film and television industry.