{"id":18201,"date":"2024-10-31T11:49:47","date_gmt":"2024-10-31T15:49:47","guid":{"rendered":"https:\/\/iatse.net\/?p=18201"},"modified":"2024-10-31T11:49:48","modified_gmt":"2024-10-31T15:49:48","slug":"iatse-expresses-support-for-federal-film-and-tv-tax-incentive-legislation-other-measures-to-keep-jobs-in-u-s","status":"publish","type":"post","link":"https:\/\/iatse.net\/iatse-expresses-support-for-federal-film-and-tv-tax-incentive-legislation-other-measures-to-keep-jobs-in-u-s\/","title":{"rendered":"IATSE Expresses Support for Federal Film and TV Tax Incentive Legislation, Other Measures to Keep Jobs in U.S."},"content":{"rendered":"\n<p><strong>WASHINGTON, D.C. <\/strong>\u2014 The International Alliance of Theatrical Stage Employees (IATSE) indicated its support for <strong><u><a href=\"https:\/\/schiff.house.gov\/imo\/media\/doc\/letter_to_bls_and_bea_on_film_incentives_data.pdf\">U.S. Representative Adam Schiff\u2019s recent letter<\/a><\/u><\/strong> to the U.S. Bureau of Labor Statistics (BLS) and U.S. Bureau of Economic Analysis (BEA) requesting statistics relevant to ensuring the United States maintains its standing as a leader in the film and television production industry. Congressman Schiff\u2019s letter to both bureaus highlights the impact of international tax policy on American jobs and the urgency of introducing a competitive labor-based federal production tax incentive to keep film and television made in America.<\/p>\n\n\n\n<p>Countries like the United Kingdom, Australia, and others have recently escalated their federal incentive and subsidy structures to lure productions from the United States. This has been one of the many forces which have resulted in a persistent economic downturn in the U.S. film and TV industry \u2014 with production in 2023 and 2024 down significantly compared to 2022. While states like California, New York, Georgia, and New Jersey have offered tax credits for production, and these have generated billions in local economic output and created thousands of jobs, in recent years state incentives have not been enough to prevent productions from moving overseas.<\/p>\n\n\n\n<p>\u201cThe proposal to implement a federal incentive would level the playing field and address this imbalance,\u201d said IATSE International President Matthew D. Loeb. \u201cWe support the concept of a federal incentive for the creation of film and TV, provided the plan also has mechanisms to uphold labor standards. We are committed to saving America\u2019s entertainment industry, and we look forward to working with our members, local unions, allies, and lawmakers at all levels to get it done.\u201d<\/p>\n\n\n\n<p>With this announcement, IATSE joins the Congressman in urging the BLS and BEA to gather and release data on the impact of foreign production incentives on U.S. jobs and local communities. The union is confident the data will reveal what members already know: That productions choose where to locate based on the incentives, infrastructure, and talent available; that productions directly and indirectly drive spending which ripples benefits through local economies via the multiplier effect, and that legislation is needed urgently to save the cultural institution that is American film and television production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, D.C. \u2014 The International Alliance of Theatrical Stage Employees (IATSE) indicated its support for U.S. Representative Adam Schiff\u2019s recent letter to the U.S. Bureau of Labor Statistics (BLS) and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[20,23],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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