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Newsom 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.
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Hollywood doesn’t need subsidies or tariffs — from Trump or from Nevada - The Nevada Independent
It’s exhausting trying to keep up with the nonsensical utterances of a commander in chief whose every impulsive tweetable thought is apparently capable of becoming law through executive action. However, every once in a while, the absurdities making their way from Truth Social to official federal policy offer a few lessons about the broader issues plaguing modern politics — issues that are just as alive and well in local circles as they are in W…
Coverage Details
Total News Sources76
Leaning Left15Leaning Right21Center20Last UpdatedBias Distribution37% Right
Bias Distribution
- 37% of the sources lean Right
37% Right
L 27%
C 36%
R 37%
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