Trump urges bipartisan federal tax incentive to bring film, TV production back to US

Key Points:

• President Donald Trump is urging Congress to approve a federal tax incentive to bring film, television production, and entertainment jobs back to the U.S., following discussions with Hollywood ambassador Jon Voight and industry leaders.
• The proposed incentive, supported by Voight's allies, would offer a 20% federal tax credit for U.S. labor costs on qualifying productions, aiming to counter the trend of work moving to Canada and other countries.
• Democratic Senator Adam Schiff expressed strong support for the initiative, signaling rare bipartisan agreement on the issue, and encouraged Congress to act swiftly to restore entertainment jobs.
• The Motion Picture Association, representing major studios and streaming services, welcomed the proposal as a way to boost local economies and increase U.S. competitiveness in film and television production.
• Trump believes the economic benefits of the tax incentive will outweigh its costs, though he has not provided detailed analysis, and emphasized the goal of reviving America’s status as a global entertainment production hub.