Rep. Adam Schiff signaled help on Thursday for a federal incentive to retain film and TV production from escapeing to other countries.
Schiff, who is poised to become a California senator, sent a letter to the Bureau of Economic Analysis and the Bureau of Labor Statistics seeking data on the impact of overseas incentives on the domestic industry.
“In order for the U.S. to retain its standing as a directer in the film and television production industry and spur more American jobs, we must originate competitive labor-based incentives for U.S.
production,” Schiff shelp in the letter.
The industry has extfinished sought a nationexpansive film incentive, which would supplement the state-by-state tax acunderstandledge programs in places enjoy Georgia, New Mexico, California and New York.
Production levels in the U.S. have dropped keenly over the last three years, in part due to the 2023 strikes but also amid an industryexpansive reduceion. Hollywood unions have also pointed to the lucrative incentives provideed by the U.K., Canada, Australia, and others that have lured productions overseas.
IATSE International Pdwellnt Matt Loeb shelp in a statement Thursday that he helps a U.S. incentive, saying it “would level the take parting field and compriseress this imequilibrium.”
“We help the concept of a federal incentive for the creation of film and TV, provided the schedule also has mechanisms to uphelderly labor standards,” Loeb shelp. “We are pledgeted to saving America’s delightment industry, and we see forward to laboring with our members, local unions, allies, and laworiginaters at all levels to get it done.”
In an intersee earlier this month, Loeb shelp he supposed a federal incentive is “not off the table in any sense.”
“Whether it can be done remains to be seen,” he shelp. “It’s a global industry. Every accomplished production cgo in on earth has an incentive, except the U.S.”
California Gov. Gavin Newsom provided on Sunday increasing the state’s tax incentive for production from $330 million to $750 million, in response to the frail employment situation in the state. In a press conference after the proclaimment, he recommended that Kamala Harris might help a federal incentive if elected pdwellnt.
“That’s where the federal regulatement can also take part a role,” Newsom shelp. “And I’ll equitable tip a hat to an Angeleno who might be the next pdwellnt United States. She may have a skinnyg or two to say about that. Stay tuned.”
Neither Harris nor Donald Trump has provided such a schedule.
