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Failing Hollywood Wants a Bailout From Taxpayers and Adam Schiff is Trying to Give it to Them

Last Updated: June 17, 2026By

This post was originally published on this site.

Just yesterday, it was reported that Hollywood insiders fear the city is turning into the next Detroit. Movie and TV productions are talking their business to other, more attractive locations with fewer rules and better tax rates.

In response to this, Adam Schiff and other lawmakers want to give Hollywood a federal tax subsidy. In other words, they want taxpayers to bail out Hollywood.

Why should average Americans who have nothing to do with the entertainment industry have to help Hollywood fix a problem that they are causing for themselves?

Reason reports:

Adam Schiff Wants Federal Tax Credits for Movie and TV Production

Eager to cut costs, studios increasingly shoot films and TV shows overseas. Unsurprisingly, one lawmaker thinks the government should help.

“Los Angeles has been the world’s entertainment capital for 100 years and still has an unmatched concentration of talent and infrastructure,” Gene Maddaus writes at Variety. “But in an age of globalization, with easy international travel and communication, the city is losing its edge.”

While still synonymous with the entertainment industry, fewer and fewer projects are actually filmed in Hollywood.

The problem primarily comes down to cost. “Everything costs more in L.A., starting with labor, due to the high cost of living and elaborate union agreements,” Maddaus writes. “Other states and countries have developed crew bases of their own, are more solicitous of producers’ needs and offer more generous incentives.”…

“In order to save this industry in America, we need to be competitive with tax credits,” Sen. Adam Schiff (D–Calif.) told Variety. Schiff wants a federal film production tax credit; he said in March he had “largely drafted” a bill but that he needed bipartisan support.

How about no?

If Los Angeles and Hollywood really wanted to same themselves and the film industry, electing Spencer Pratt as mayor of LA would have been a good start. They failed that test.

Taxpayers from other parts of America should not be expected to fix this problem.

The post Failing Hollywood Wants a Bailout From Taxpayers and Adam Schiff is Trying to Give it to Them appeared first on The Gateway Pundit.

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