The Motion Picture Association (MPA), which represents major Hollywood studios, released a report on Tuesday that predicts a significant boost in U.S. film and television production if a federal film incentive is approved by Congress. According to the report, prepared by the consulting firm Olsberg SPI, the film industry could see its production output double by 2032 under such a policy. This projection highlights the potential economic impact of supporting domestic film and TV production through government incentives. The proposed incentive would take the form of a 20% federal tax credit for film and television producers. The report estimates that this credit would lead to the creation of approximately 143,500 jobs in the production sector each year. These jobs would span various roles, from directors and actors to technicians and support staff, contributing to both local and national economies. The MPA is not acting alone in pushing for this legislation. It is collaborating with a broad coalition that includes industry professionals, local governments, and economic development groups. These stakeholders believe that a federal film incentive would not only strengthen the U.S. film industry but also help it compete more effectively with international production hubs that already offer similar benefits. The report underscores the potential of the U.S. film industry to grow significantly with the right policy support. By offering a federal tax credit, the government could encourage more productions to be made domestically, leading to increased employment, economic activity, and a stronger cultural presence on the global stage. The MPA and its coalition are now focused on persuading lawmakers to consider and pass such legislation.