Trump Urges Congress to Pass Tax Incentives for Entertainment Industry
Trump said a federal incentive could save tens of thousands of jobs and keep movie and television production in America.
- On Monday, President Donald Trump officially endorsed a federal tax incentive for film and television production, aiming to stem the flight of entertainment industry jobs to foreign countries.
- Trump argued that domestic entertainment production has "dissipated in its entirety," citing a shift of major projects to Canada and other foreign markets offering more attractive financial incentives.
- SP Media Group CEO Steven Paul and President Scott Karol proposed a 20% federal tax credit for labor costs, supported by the Motion Picture Association and Hollywood Ambassador Jon Voight.
- Trump urged Republicans and Democrats to collaborate on legislation to "save the Movie, Television, and Entertainment Business in America," claiming the move would yield significant returns for the U.S. Treasury.
- Meetings with congressional leaders from both parties are being arranged to frame the proposal as a bipartisan effort to revitalize the entertainment sector and create jobs across the United States.
17 Articles
17 Articles
Trump calls Hollywood a 'total disaster,' pushes federal tax incentive for film after meeting with Jon Voight
President Trump says he had a "great" meeting with Hollywood ambassador Jon Voight, pushing for federal tax incentives to bring film production back to America.
Trump demands federal tax incentives to fix Hollywood 'disaster'
President Donald Trump on Monday pressed Congress to pass federal tax breaks to revive the U.S.’s film industry, after speaking with his “special ambassador” to Hollywood, actor Jon Voight. Trump revealed he had a “great” meeting with the “fantastic” Voight in a post to Truth Social. The president expressed concern that Hollywood is losing ground […]
Trump calls on Congress to ‘save’ Hollywood with federal tax breaks
President Trump called on Congress to quickly approve a nationwide tax incentive for film and television production, throwing his weight behind a rare bipartisan push to lure entertainment jobs back to the US.
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