Hollywood could get a little unexpected boost from the proposed $700-billion bailout wending its way through Congress. The bill would provide tax breaks worth more than $470 million over the
next decade for TV and movie producers that shoot in the U.S. It's enough to keep some low-budget productions -- and jobs -- from going offshore.
One provision gives TV producers the same
tax deductions that General Motors, Boeing, Xerox and other American manufacturers receive for making their products in the U.S.
Hollywood has long sought measures to curb "runaway
production," as filmmakers have fled to foreign countries that offer cost savings through tax breaks and other incentives.
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