Trump calls for federal tax incentives to revive U.S. film industry
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Trump → call → industry
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- President Trump is urging Congress to quickly adopt new federal tax incentives for film and TV production.
- Trump warned that Hollywood’s decline and runaway shoots are ‘hurting California very badly.’
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decline → click → California
- Last year, 45% of all U.S. films and scripted television shows were shot internationally, up from about 33% in 2022.
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% → script → 2022
President Trump on Monday urged Congress to approve federal tax incentives aimed at reviving American film and television productions, saying Hollywood has been hollowed out by productions moving to Canada and other countries.
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Hollywood → urge → Canada
In a social media post, Trump said he met with actor Jon Voight, whom he has designated as “Hollywood Ambassador,” and concluded there is “no incentive” to work in Hollywood anymore and that it is “hurting California very badly.”
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it → say → California
“Jon, and many others in the Industry, are suggesting we do Federal Tax Incentives in order to Make our Movie and Television Production Business GREAT AGAIN, Perhaps GREATER THAN EVER BEFORE!,” Trump said wrote on Truth Social.
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Trump → suggest → Social
Trump said meetings are already being set up to talk to lawmakers from both parties, noting that he wants to the discussions to be bipartisan, “especially since so much money is being lost in California, and other largely Blue States.”
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money → say → California
“I am going to suggest that Republicans and Democrats get together, and immediately craft Legislation to save the Movie, Television and Entertainment Business in America,” he said.
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he → go → America
The story of how L.A. steadily lost much of its homegrown industry to other locales is a tale of hubris, escalating costs, political inaction and fierce competition from states and countries hungry for a piece of the Hollywood pie.
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L.A. → lose → pie
There are few details about what these incentives would look like at this time, but Trump said “the amount of money spent” on tax breaks will be made up “tenfold by the money pouring into the Treasury’s coffers.”
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amount → be → coffers
Charles Rivkin, chairman and chief executive of the Motion Picture Assn., applauded Trump’s announcement, and, in a statement, added that “for over a century, American studios, casts, and crews have produced the films and series that the world wants to see.”
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world → applaud → that
“A federal incentive,” Rivkin added, “would be a landmark step toward bringing more production to local communities in all 50 states, strengthening our nation’s economy, and making our country a more competitive place to produce, create, and tell great stories.”
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country → add → stories
Trump’s push comes as production has continued to shift overseas.
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production → come → ?
Last year, 45% of all U.S. films and scripted television shows were shot internationally, up from about 33% in 2022, an issue that has worried California lawmakers such as Sen. Adam Schiff (D-Calif.).
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that → script → Schiff
California and other states have bolstered their production incentive programs, but Schiff has said in the past that it is not enough.
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it → bolster → past
He, too, has made the case for a federal tax credit.
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He → make → credit
Dozens of family businesses that serve Hollywood have closed down in recent years, squeezed by a historic falloff in local production activity.
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that → serve → activity
“State programs cannot simply substitute for the kind of global, federal and competitive tax incentives that are needed to bring production back to American soil and stop its offshoring,” Schiff said at an event in March.
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Schiff → substitute → March
Trump has previously floated more aggressive measures, including a threat to impose tariffs on foreign-made films, but that idea did not gain traction.
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idea → float → traction
The Aporia
