A bipartisan group of congressmen is proposing big tax breaks to help America stay competitive in the film industry.
\n\nThe proposal would add even more incentives to the many state tax breaks already in place for film, TV, and streaming productions, according to Variety.
\n\n“If it passes and it stacks clean, shooting in Georgia or California or New York is the best deal on the planet. Nothing overseas comes close,” said Joe Chianese, senior vice president for incentives at Entertainment Partners.
\n\nThe proposed legislation was crafted in cooperation with Hollywood unions and the Motion Picture Association in an effort to undercut the generous subsidies being ladled onto the entertainment industry by foreign countries such as the U.K., Canada, and 63 other nations.
\n\n“If we want to keep American storytelling in America, we have to level the playing field, and that’s exactly what this bill does,” said Rep. Nathaniel Moran, (R-TX). “This isn’t about subsidizing Hollywood — it’s about supporting the American worker, one story and one production at a time.”
\n\n“We cannot stand by as more and more American film production moves overseas, taking jobs, investment, and an important source of American cultural influence with it,” added Sen. Tim Scott…
Original source: https://www.breitbart.com/economy/
