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Trump urges bipartisan federal tax incentive to bring film, TV production back to US
Developing
DISNEY OFFERS VOLUNTARY EARLY RETIREMENT PACKAGES TO LONGTIME EXECUTIVES AMID RESTRUCTURING PUSH "A federal incentive 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," MPA Chairman and CEO Charles Rivkin said.
The Hollywood Sign is pictured during a ceremony marking the 100th anniversary of the first time it was lit, in Los Angeles, California, on December 8, 2023. (DAVID SWANSON/AFP via / ) Rivkin said the group looks forward to working with the White House and bipartisan leaders in Congress to enact a national production incentive.
Trump announced the push Monday after meeting with actor Jon Voight, one of his Hollywood ambassadors, saying Voight and others in the entertainment industry have urged the administration to support federal incentives for domestic production.
Trump said he believes the economic activity generated by a federal incentive would more than offset its cost to the government, although he did not provide an analysis supporting that projection. HOW DOLLY PARTON TRANSFORMED A SMALL TENNESSEE TOWN INTO A TOURISM EMPIRE Voight is working with a coalition that includes the Motion Picture Association, Directors Guild of America and unions representing actors, writers and other entertainment workers as the industry seeks to stem the movement of production overseas, Reuters reported.
What's confirmed
What's still developing
- Trump announced the push Monday after meeting with actor Jon Voight, one of his Hollywood ambassadors, saying Voight and others in the entertainment industry have urged the administration to support federal…
- HOW DOLLY PARTON TRANSFORMED A SMALL TENNESSEE TOWN INTO A TOURISM EMPIRE Voight is working with a coalition that includes the Motion Picture Association, Directors Guild of America and unions representing actors,…
- DISNEY OFFERS VOLUNTARY EARLY RETIREMENT PACKAGES TO LONGTIME EXECUTIVES AMID RESTRUCTURING PUSH "A federal incentive would be a landmark step toward bringing more production to local communities in all 50 states,…
- The Hollywood Sign is pictured during a ceremony marking the 100th anniversary of the first time it was lit, in Los Angeles, California, on December 8, 2023. (DAVID SWANSON/AFP via / ) Rivkin said the group looks…
- Trump said he believes the economic activity generated by a federal incentive would more than offset its cost to the government, although he did not provide an analysis supporting that projection.
Sources
- Fox Businesslink