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  • Hollywood’s tax credit push runs into a post-midterm wallpolitico.com· 32h

    Politico reports that the bipartisan federal film and TV production tax credit, a 20 percent credit on US labor costs introduced in September 2026 by Senator Tim Scott and Representative Nathaniel Moran with Donald Trump's support, faces a tough path in the lame-duck session after Democrats' midterm victories. Six House co-sponsors lost their reelection bids, the Cato Institute estimates a cost of $33 billion to $49 billion over a decade, and Representative Don Beyer puts the odds of any tax bill passing at "pretty low."

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