Close Menu
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
Trending Now
UK records hottest summer on record, Met Office says

UK records hottest summer on record, Met Office says

September 1, 2026
Steven Guilbeault steps down as MP for Laurier–Sainte-Marie

Steven Guilbeault steps down as MP for Laurier–Sainte-Marie

September 1, 2026
Flash of light gives scientists burst of inspiration

Flash of light gives scientists burst of inspiration

September 1, 2026
Kate Hudson Revived the ‘Ugly’ Shoe Trend With This Easy, Comfy Slip-on Style

Kate Hudson Revived the ‘Ugly’ Shoe Trend With This Easy, Comfy Slip-on Style

September 1, 2026
Teen arrested in girl’s murder one year after police said she accidentally shot herself while recording video

Teen arrested in girl’s murder one year after police said she accidentally shot herself while recording video

September 1, 2026
Facebook X (Twitter) Instagram
Just In
  • UK records hottest summer on record, Met Office says
  • Steven Guilbeault steps down as MP for Laurier–Sainte-Marie
  • Flash of light gives scientists burst of inspiration
  • Kate Hudson Revived the ‘Ugly’ Shoe Trend With This Easy, Comfy Slip-on Style
  • Teen arrested in girl’s murder one year after police said she accidentally shot herself while recording video
  • Dem AG urges Jewish voters to put humanity above ‘safety and security’ of own people
  • Ranking The 10 Best 2027 NFL Draft Prospects — Who Aren’t Quarterbacks
  • Exclusive | Victim stabbed to death in Times Square rampage was VP at Bank of America, just celebrated 2nd wedding anniversary
  • Privacy
  • Terms
  • Advertise
  • Contact
Pure Info NewsPure Info News
Newsletter
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Lifestyle
  • Sports
  • Videos
  • Topics
    • Entertainment
    • Health
    • Tech
    • Travel
  • More Articles
 Markets Login
Pure Info NewsPure Info News
Home » Trump urges bipartisan federal tax incentive to bring film, TV production back to US
Business

Trump urges bipartisan federal tax incentive to bring film, TV production back to US

News RoomNews RoomSeptember 1, 2026No Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
Trump urges bipartisan federal tax incentive to bring film, TV production back to US

President Donald Trump is calling on Congress to approve a federal tax incentive aimed at bringing film and television production and entertainment jobs back to the United States, drawing support from both a major Hollywood trade group and Democratic California Sen. Adam Schiff.

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.

“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,” Trump wrote on Truth Social, adding: “Congress should approve, immediately, a Federal Production Incentive to create Entertainment Jobs in America.” 

TRUMP URGES CANADIAN COMPANIES TO IMMEDIATELY MOVE TO US, SAYS ‘I DON’T WANT CANADIAN ANYTHING’

Trump said U.S. film and television work has increasingly moved to Canada and other countries and that meetings are being arranged with leaders of both parties in an effort to advance legislation.

The president did not specify the size or structure of the incentive he wants Congress to enact. However, a proposal backed by Voight allies would provide a 20% federal tax credit for U.S. labor costs on qualifying film and television productions.

SP Media Group CEO Steven Paul, a producer and Voight’s agent, and SP Media President Scott Karol have proposed the 20% credit, according to Reuters.

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.

Trump’s Monday post did not say whether he supports that specific 20% proposal.

Schiff quickly backed Trump’s broader call, marking a rare area of agreement between the longtime political adversaries.

“I am in strong agreement with the President. Congress should immediately take up and pass a federal film tax incentive to bring back these good-paying jobs that we’ve lost to other countries,” Schiff wrote on X. “Let’s work together — Republicans and Democrats — to get this done, and bring the movie magic back to America.”

Rep. Adam Schiff, D-Calif., speaks to supporters outside the International Alliance of Theatrical Stage Employees Union Hall on Feb. 11, 2023 in Burbank, California.

The Motion Picture Association, whose members include Netflix, Paramount Pictures, Sony Pictures, Universal Studios, The Walt Disney Studios, Prime Video, Amazon MGM Studios and Warner Bros. Discovery, also welcomed Trump’s announcement.

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

Rivkin said the group looks forward to working with the White House and bipartisan leaders in Congress to enact a national production incentive.

Voight has previously advocated for a federal tax credit designed to bolster U.S. film and television 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.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“What we watch on the Silver Screen should be made in what was once the Movie and Motion Picture Capital of the World,” Trump wrote. “Let’s get this done!”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Lowe’s launches major effort to help close America’s skilled trades gap

Lowe’s launches major effort to help close America’s skilled trades gap

Walmart mangoes recalled over potential salmonella contamination

Walmart mangoes recalled over potential salmonella contamination

Teen flips ultra-rare 1-of-1 gold Jimothy rookie card for major payday on eBay

Teen flips ultra-rare 1-of-1 gold Jimothy rookie card for major payday on eBay

Josh Allen’s ‘Billustration’ initiative with New Era, raising over 0K for children’s hospital, returns

Josh Allen’s ‘Billustration’ initiative with New Era, raising over $140K for children’s hospital, returns

Bessent urges G20 to ‘get back to the basics’ with deregulation and growth-first agenda

Bessent urges G20 to ‘get back to the basics’ with deregulation and growth-first agenda

Tim Cook’s last day as Apple CEO: How he led the tech giant’s rise to T

Tim Cook’s last day as Apple CEO: How he led the tech giant’s rise to $4T

Pataki sounds alarm over New York exodus: ‘It’s just going to get worse’

Pataki sounds alarm over New York exodus: ‘It’s just going to get worse’

Trump admin shuts down 270 driving schools in fraud crackdown

Trump admin shuts down 270 driving schools in fraud crackdown

Target launches specialty beauty concept at stores nationwide as Ulta partnership ends

Target launches specialty beauty concept at stores nationwide as Ulta partnership ends

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Steven Guilbeault steps down as MP for Laurier–Sainte-Marie

Steven Guilbeault steps down as MP for Laurier–Sainte-Marie

September 1, 2026
Flash of light gives scientists burst of inspiration

Flash of light gives scientists burst of inspiration

September 1, 2026
Kate Hudson Revived the ‘Ugly’ Shoe Trend With This Easy, Comfy Slip-on Style

Kate Hudson Revived the ‘Ugly’ Shoe Trend With This Easy, Comfy Slip-on Style

September 1, 2026
Teen arrested in girl’s murder one year after police said she accidentally shot herself while recording video

Teen arrested in girl’s murder one year after police said she accidentally shot herself while recording video

September 1, 2026
Dem AG urges Jewish voters to put humanity above ‘safety and security’ of own people

Dem AG urges Jewish voters to put humanity above ‘safety and security’ of own people

September 1, 2026

Latest News

Ranking The 10 Best 2027 NFL Draft Prospects — Who Aren’t Quarterbacks

Ranking The 10 Best 2027 NFL Draft Prospects — Who Aren’t Quarterbacks

September 1, 2026
Exclusive | Victim stabbed to death in Times Square rampage was VP at Bank of America, just celebrated 2nd wedding anniversary

Exclusive | Victim stabbed to death in Times Square rampage was VP at Bank of America, just celebrated 2nd wedding anniversary

September 1, 2026
Looking for a new job? These best online resume services can help you stand out

Looking for a new job? These best online resume services can help you stand out

September 1, 2026

Subscribe to News

Get the latest US news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?