Last night's House budget exlcluded the Performing Artists Tax Parity Act (PATPA), which would correct an unintended consequence of prior tax reform efforts, which led to tax increases for many performing artists who could no longer deduct the cost of their ordinary and necessary unreimbursed business expenses. Brooke Shields, president of Actors' Equity Association, released the following statement on behalf of the union's 51,000 actors and stage managers:
“At a time when inflation is surging, the Performing Artist Tax Parity Act is a bipartisan bill that would help put money back into the pockets of thousands of arts workers, from musicians to actors and stage managers to the crew who bring live theatre and film and television shows to life,” said Shields. “This bill was a top priority for Actors’ Equity and a broad coalition of unions and employers. While we fell short this time, we will continue our work to turn PATPA into law this Congress. I am grateful for the leadership of Congressman Buchanan and Congresswoman Chu who have been with us in this fight from Day One.”
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