LOS ANGELES — The chances of Congress passing a Hollywood tax incentive during the lame duck session have dimmed significantly after Democrats’ resounding victories in the midterms.
Congressional Republicans are still banding together their lossesraising questions about their willingness to legislate in the final weeks of the year — particularly on a federal tax break for film and television production that would benefit an industry the party has long viewed as an adversary.
Democrats, meanwhile, are preparing investigations into the Trump administration and have greater incentive to postpone key issues until next year, when they have a majority vote.
The expected year-end budget battle – including Democrats’ push to extend current funding through 2027 and a dispute on defense spending and the war in Iran — could complicate efforts to attach a costly tax credit to a short-term bill.
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