Some of Broadway's biggest stars joined U.S. Senator Charles E. Schumer today at Sardi's Restaurant as he announced his campaign to give Broadway and live theater productions a major tax break to spark investment and job creation in the theater industry.
"Standing with this uncommon cast of characters, I'm making a final push to strengthen the very fiber of New York's being: Broadway and live theater," said Senator Schumer. "This plan, which would eliminate a double standard when it comes to taxing the entertainment industry, will mean more shows on Broadway, more jobs and more investment in and around the Great White Way."
"Culture and entertainment is one of America's great economic drivers, and investing in live theater is absolutely fundamental to the nurturing and growth of this critical sector of our national economy," he continued. "As an integral part of the entertainment industry, live theater must be offered the same federal tax incentives as those afforded to television and film productions, so that investment in commercial stage production does not get pushed abroad. I am urging my colleagues to get this plan over the finish line and give its regards to Broadway!"
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