Trump seeks federal tax breaks to revive US film and TV production
Trump urges Congress to pass federal production tax incentives to bring film and TV jobs back to the US, following talks with Jon Voight.
US President Donald Trump has announced plans to push for federal tax incentives aimed at reviving American film and television production, following a meeting with actor Jon Voight, who serves as his Hollywood Ambassador.
In a post on Truth Social, Trump said the domestic entertainment industry has been "dissipated in its entirety," with major projects relocating to Canada and other countries that offer more attractive financial incentives. He described Hollywood as a "complete and total disaster," noting that the shift has severely hurt local economies in California and other states.
Trump said Voight, whom he called a "fantastic man who loves our Country," shares his concern over the industry's decline. The president argued that without incentives, there is little reason for production companies to stay in the United States.
The proposed plan calls on both Republicans and Democrats to work together on legislation that would establish nationwide production incentives. Trump claimed that the cost of such tax breaks would be recovered tenfold through increased economic activity and tax revenue.
Meetings with congressional leaders from both parties are being arranged to advance the legislation. Trump said the effort should be bipartisan, especially given the financial losses in California and other largely Democratic states.
He urged Congress to approve a federal production incentive "quickly, accurately, efficiently," saying it would benefit all of America. "What we watch on the Silver Screen should be made in what was once the Movie and Motion Picture Capital of the World," he added.