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IATSE Voices Support for U.S. Federal Film and TV Tax Incentives
The International Alliance of Theatrical Stage Employees (IATSE) has official voiced support for U.S. Representative Adam Schiffs recent letter to the U.S. Bureau of Labor Statistics (BLS) and U.S. Bureau of Economic Analysis (BEA) requesting statistics regarding the United States standing as a film and television production industry leader.Schiffs letter to both bureaus highlight 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. In his letter Schiff states: employment in film and television production has grown abroad over the past several decades, threatening job growth at home as more foreign countries provide meaningful production incentives.Countries like the United Kingdom, Australia, and others have recently expanded their federal incentive and subsidy structures to lure productions from the United States. This has been one of the forces attributed to a persistent economic downturn in the U.S. film and TV industry, 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, contributing to local economies and jobs growth, they have not been enough, notes IATSE, to prevent productions from moving overseas.The proposal to implement a federal incentive would level the playing field and address this imbalance, said IATSE International president Matthew D. Loeb. We 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 Americas entertainment industry, and we look forward to working with our members, local unions, allies, and lawmakers at all levels to get it done.IATSE has joined 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.Download a copy of Congressman Schiffs letter here.Source: IATSEAttachmentSize Debbie Diamond Sarto is news editor at Animation World Network.
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