President Trump Endorses Federal Tax Incentives for U.S. Film and Television Production
President Trump has publicly expressed support for federal tax incentives aimed at boosting the U.S. film and television production industry. In a message on Truth Social, President Trump stated that 'Hollywood is a Complete and Total Disaster!' and advocated for federal tax credits to 'Make our Movie and Television Production Business GREAT AGAIN, perhaps GREATER THAN EVER BEFORE!' He indicated that meetings are being arranged with bipartisan leaders to craft legislation to save the industry. This move comes after various figures, including Paramount Skydance CEO David Ellison and one-time L.A. mayoral hopeful Spencer Pratt, have championed such incentives. Notably, Jon Voight, described as President Trump's 'special ambassador' to Hollywood, has been a consistent advocate for these tax credits, working with industry unions, the Motion Picture Association (MPA), and independent filmmakers. The MPA and the Directors Guild of America (DGA) have both welcomed President Trump's endorsement, highlighting the p...