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Trump urges Congress to pass federal film and TV tax incentives
President Donald Trump has called on Congress to establish a federal tax incentive for film and television production to combat the loss of domestic jobs and productions to international markets like Canada and the United Kingdom. Describing Hollywood as a “complete and total disaster,” Trump urged Republicans and Democrats to collaborate on bipartisan legislation to revitalize the American entertainment industry.
The proposal follows a meeting with actor Jon Voight, a designated Hollywood ambassador for the administration. Industry advocates, including the Motion Picture Association (MPA), have welcomed the initiative, noting that a federal credit could make the U.S. more competitive and strengthen local economies across all 50 states. Democratic Senator Adam Schiff has also expressed support for the measure to bring back high-paying jobs.
While specific details regarding the credit's size and structure have not been finalized, industry figures have suggested a credit in the range of 20% to 25%. This federal incentive would potentially stack on top of existing state-level programs in locations such as California, Georgia, and New York. The push marks a shift from previous discussions regarding tariffs on foreign-produced films toward a subsidy-based model.
Entities
Adam Schiff · Charles Rivkin · Congress · Donald Trump · Hollywood · Jon Voight · Motion Picture Association
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Motion Picture Association CEO Charles Rivkin applauded Trump’s support for a federal incentive.
- [○ 1 SOURCE] Industry stakeholders have sought to redirect focus from tariffs toward tax credits.
- [● 2 SOURCES] Trump previously floated the idea of imposing a 100% tariff on films produced outside the U.S.
- [● 3 SOURCES] Donald Trump endorsed a federal tax incentive for film and television production. deadline.com
- [● 3 SOURCES] Trump called for the proposed legislation to be bipartisan. deadline.com