Here we go: The US targets Canada’s Online Streaming Act
Whenever America doesn’t get its way, it throws a hissy fit. This time, Congressman Lloyd Smucker has introduced a bill that targets our Online Streaming Act (otherwise known as Bill C-11), which seeks to have foreign streamers pay their fair share to developing and supporting Canadian content for the privilege of doing business within our borders.
The act has been in effect since April 27, 2023, but has yet to go into effect. When (if?) it does, streamers will have to pay a levy of 5% once revenues exceed $25 million. That money will go into supporting Canadian talent.
For companies like Spotify, Apple, Amazon, Netflix, and all the giants, this is a pittance. Yet they keep pushing back.
Now Congressman Lloyd Smucker has introduced a bill called the Protecting American Streaming and Innovation Act. He wants an investigation to see if C-11 “discriminates against or burdens” US companies. If this happens, it will go to the United States Trade Representative. If they agree, they will most likely “take necessary retaliatory action.” What could that be? Tariffs, of course.
Here’s what he says: “Digital trade plays a critical role in America’s economy, supporting high-paying jobs and exporting American values.”
Exporting American values? Today? Under this administration?
He continues:
“Canada’s unfair policies stack the deck against U.S. companies, creators, and workers. This bill would protect American creators and companies while permitting mutually beneficial competition and innovation.”
How much would this 5% levy cost foreign streamers? A whopping $1.25 million ANNUALLY.
Insanity. Bullying. Greed.
