When you think of Trump tax cuts and Democrats, the first thing that comes to mind is Democrats complaining that the tax cuts only benefit the rich. For good measure, they typically say not only the rich, but Trump’s rich buddies, as if he is doing a favor just for a select few, powerful, connected people.
Well, now California Senator Adam Schiff has finally found a Trump tax cut idea that he likes. It’s all about a tax incentive to save jobs in Hollywood. In other words, a tax cut that would benefit a very select group.
And make no mistake, Schiff likes this idea because that is where a ton of his support comes from. When Schiff was a member of the House, Hollywood was in his district. These are his people.
FOX News reports:
One of President Donald Trump’s most persistent political foes has found common ground with him in their shared push to save Hollywood.
Trump wants to incentivize film and television production in Hollywood after years of job loss and other states and countries enticing projects to leave what has been the heart of entertainment in the U.S. for more than a century.
And Sen. Adam Schiff, D-Calif., who once led the first impeachment against Trump and has maintained a strong opposition to him since he retook office, is on board with the idea.
“I am in strong agreement with the President,” Schiff said on X. “Congress should immediately take up and pass a federal film tax incentive to bring back these good-paying jobs that we’ve lost to other countries.”
“Let’s work together — Republicans and Democrats — to get this done, and bring the movie magic back to America,” he continued.
Hollywood’s stature as an entertainment colossus has taken a hit over the last few years following the COVID-19 pandemic and the burst of the streaming bubble.
The industry has lost 49,000 jobs since 2022, according to the Bureau of Labor Statistics.
Hellbound and Down 