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Trump Backs Federal Film & TV Tax Incentive
Deadline • • general
Key Points:
- Former President Donald Trump publicly endorsed a federal film and TV tax credit to revive the struggling Hollywood industry, emphasizing bipartisan cooperation to create entertainment jobs and boost the economy.
- Trump highlighted the decline of California's entertainment sector due to productions relocating abroad and criticized the lack of incentives, proposing a federal program that could potentially surpass previous state efforts.
- Key industry figures and organizations, including the Motion Picture Association CEO Charles Rivkin, SAG-AFTRA, DGA, WGA, and California Governor Gavin Newsom, have expressed support for a national production incentive.
- The proposed federal tax credit is expected to be around 25%, though Trump did not provide specific details on the amount or implementation.
- Despite enthusiasm from allies like actor Jon Voight and political figures across parties, skepticism remains about the actual follow-through and legislative progress before the upcoming midterm elections.
