A delegation of California Democrats campaigned with union leaders on Tuesday for a federal film incentive as they seek to build momentum to pass the measure by the end of the year.
\n\nSen. Adam Schiff and eight Democratic representatives from Southern California argued that the U.S. must counter incentives from 65 other countries that have lured American production jobs overseas.
\n\n“We are so close to getting this done,” Schiff said in 100-degree heat outside the Alex Theatre in Glendale. “Whatever we can do to get this done, that is job No. 1. It just can’t wait. It’s too important. The losses so far have been too extraordinary.”
\n\nLawmakers introduced a bill last month that would create a 20%-30% transferable tax credit for U.S. labor costs on films and TV shows. Schiff said that 12 senators are on board — six Democrats and six Republicans. The latest to join as cosponsors are Sens. Thom Tillis, R-N.C., and Chris Coons, D-Del., according to Schiff’s office.
\n\nThey will have about five weeks during the lame-duck session of Congress after the election to try to pass the bill. Rep. Laura Friedman, whose office organized Tuesday’s press conference, said she is “cautiously, guardedly optimistic.”
\n\n“We…
Original source: https://variety.com/