Adam Schiff wants federal tax credits for movie and TV production
4 Articles
4 Articles
Adam Schiff Pushes Taxpayer Film Credit as Hollywood Loses Productions
Hollywood is losing productions to cheaper locations, and Adam Schiff says Washington should step in with federal tax credits. Critics say that just shifts the bill to taxpayers who have nothing to do with the movie business.
Yesterday it was reported that influential Hollywood people fear that the city is becoming the next Detroit. Film and television producers are looking for other more attractive locations, with fewer restrictions and better taxes. In response to this, Adam Schiff and other lawmakers want to grant Hollywood a federal tax subsidy. In other words, they want taxpayers to rescue Hollywood.
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