Trump Calls for Federal Tax Credits for US Film and Television Industry

business legislation cinema

President Donald Trump has called for a federal tax credit to benefit the movie and television industry. He stated that such a measure would help bring the production of Hollywood blockbusters back to the United States.

A beleaguered Hollywood has been lobbying for help to stop the flight of productions to other countries. The president noted that the loss of film and TV production is hurting California very badly, while proponents argue a federal program could bring back jobs lost overseas to cheap labor and large incentives.

The proposal was quickly embraced by Democrats, particularly in California, who have otherwise been critical of the president.

Trump urges Congress to pass tax incentives to restore Hollywood’s luster

washingtonpost.com

Trump calls for federal tax incentives to benefit TV and movie industry

nbcnews.com

Trump Renews Push for Federal Film Tax Credit

nytimes.com

Trump floats Hollywood tax credits for US films and television

straitstimes.com

Trump Floats Hollywood Tax Credits for US Film Industry

bloomberg.com

President Trump on Monday declared his support for federal tax credits to support film and television production in the U.S.,

wsj.com