Trump Calls for Passage of Federal Film and TV Tax Incentive: “Let’s Get This Done!” - The Hollywood Reporter
President Donald Trump has publicly expressed support for a federal tax incentive for the film and television industry to boost domestic production. He plans to coordinate with bipartisan leaders to craft legislation aimed at making the U.S. more competitive against international production hubs.
Why it matters
A federal tax credit could significantly alter the economics of the entertainment industry, potentially shifting production volume back to the U.S. from countries like Canada and the U.K.
For some time now, the idea of a federal film and television tax incentive has had bipartisan support , but Republican lawmakers have seemingly been waiting on word from the White House.
Now, it appears, that word has come. On Monday, President Donald Trump expressed support for the idea of a federal tax credit and posted that he wants to "get this done" in a lengthy Truth Social message .
"Hollywood is a Complete and Total Disaster! Despite the name, it is getting very little work. There is no incentive to be there, and it is hurting California very badly," Trump wrote. "Jon [Voight], and many others in the Industry, are suggesting we do Federal Tax Incentives in order to Make our Movie and Television Production Business GREAT AGAIN, perhaps GREATER THAN EVER BEFORE!"
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