Trump Backs Federal Film & TV Tax Incentive: “Hollywood Is A Complete & Total Disaster!”

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Trump Backs Federal Film & TV Tax Incentive: “Hollywood Is A Complete & Total Disaster!”

Deadline · 2 hours ago

Donald Trump has publicly backed a federal tax incentive for film and TV production, saying "Hollywood is a Complete and Total Disaster!" in a Truth Social post following a meeting with actor Jon Voight. Trump argues the US industry has been hollowed out by cheaper production incentives abroad, notably in Canada, and wants Congress to act quickly to bring jobs back, framing the move as a way to revive what he called the former "Movie and Motion Picture Capital of the World."

No specifics were given on the size or structure of the proposed credit, though advocates including Voight, Spencer Pratt and Democratic Senator Adam Schiff have previously floated a rate of around 25%. Trump said he wants the plan to be bipartisan, noting meetings are being arranged with leaders of both parties, and stressed that the losses are hitting California and other largely Democratic-leaning states hard, with the midterm elections approaching.

  • Trump backs a federal film and TV production tax incentive.
  • No details yet on size or structure of the credit.
  • Trump wants bipartisan legislation, citing losses in California.

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