Trump calls for federal tax incentives to benefit TV and movie industry - nbcnews.com
President Trump has proposed bipartisan federal tax incentives to support the domestic TV and movie industry, aiming to curb the outsourcing of production. The proposal has received rare bipartisan support from California Democrats, including Adam Schiff.
Why it matters
The proposal represents a rare instance of cross-party cooperation on industrial policy and economic protectionism for the entertainment sector.
President Donald Trump on Monday called for bipartisan tax incentives to help a domestic TV and movie industry that has seen large chunks of its business move overseas in recent years. Trump wrote on Truth Social that meetings were “being set up with the Leaders of both Parties in order to get this done.” “It should be Bipartisan, especially since so much money is being lost in California, and other largely Blue States,” he wrote. “I am going to suggest that Republicans and Democrats get together, and immediately craft Legislation to save the Movie, Television, and Entertainment Business in America.” Trump indicated that his call to help Hollywood — an industry that Republicans often rail against and one that resides in solidly blue California — was influenced in part by actor Jon Voight, who was a 2024 campaign surrogate for him.
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