US EditionNewsom Asks Trump to Work With Him on $7.5 Billion Tax Credit for Hollywood
- On May 6, 2025, California Governor Gavin Newsom suggested partnering with President Donald Trump to establish a $7.5 billion federal incentive aimed at boosting domestic movie production.
- This proposal follows Trump's May 4 announcement of 100% tariffs on movies produced overseas, aimed at reversing the decline of U.S. Film production.
- Newsom aims to establish a federal partnership inspired by California's plans to more than double its state tax credit for film and television production to $750 million per year.
- Newsom stated he is "ready to bring even more jobs home" and tweeted directly at Trump to advance the national incentive, but the White House has made no response yet.
- If enacted, the federal credit would represent a significant unified U.S. Effort to counter foreign subsidies and bolster entertainment industry jobs nationwide.
9 Articles
9 Articles
Gavin Newsom Challenges Trump To “Make America Film Again” With $7.5B Federal Tax Incentive
From the moment Donald Trump on May 4 proclaimed 100% tariffs on movies produced in “foreign lands,” a throw down with Gavin Newsom was inevitable. Now the California Governor wants Trump to get behind a national tax incentives program similar to what other nations have been using for years, but with a lot more zeros […]
Gavin Newsom Asks Trump to Create $7.5 Billion Federal Tax Credit for Hollywood Instead of Tariffs
Gavin Newsom responded Donald Trump’s demand for steep tariffs on movies filmed outside the U.S. with a plea for the President to “partner” with him instead on a proposed $7.5 billion federal tax credit for Hollywood. The proposed tax incentive would be separate from the California state tax credits Newsom is trying to enact, including the proposal announced in October expand the state’s Film & Television Tax Credit Program to $750 million annua…
California Gov. Gavin Newsom Proposes $7.5 Billion Federal Film Incentive After Trump Floats Tariffs
Just a day after Donald Trump revealed his plan to impose 100% tariffs on “any and all” films produced in “foreign lands,” California Gov. Gavin Newsom said Monday he wants to collaborate with the President to create a $7.5 billion federal tax incentive to help the film industry. Many in the industry have pushed for […]
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