Failing Hollywood Wants a Bailout From Taxpayers and Adam Schiff is Trying to Give it to Them Hollywood is experiencing a decline in productions, with many moving to other locations due to higher costs and fewer incentives. Senator Adam Schiff is proposing a federal tax subsidy bill to help the film industry remain competitive. However, critics argue that taxpayers, unrelated to the entertainment industry, should not have to fund a bailout for problems created by Hollywood itself.

• Hollywood fears becoming the next Detroit as productions relocate due to higher costs and fewer incentives.
• Senator Adam Schiff is working on a bill to introduce a federal tax subsidy for movie and TV production.
• The high cost of labor and living in Los Angeles, along with union agreements, contributes to productions moving elsewhere.
• Other states and countries offer more competitive tax credits and are more accommodating to producers.
• Critics question why taxpayers should subsidize an industry that is causing its own problems.