Trump demands federal tax incentives to fix Hollywood 'disaster'
President Donald Trump on Monday pressed Congress to pass federal tax breaks to revive the U.S.’s film industry, after speaking with his “special ambassador” to Hollywood, actor Jon Voight.
TL;DR
- President Trump is advocating for federal tax breaks to revive the U.S. film industry.
- He met with actor Jon Voight, his "special ambassador" to Hollywood, to discuss the issue.
- Trump believes Hollywood is losing jobs to Canada and other countries and sees tax incentives as a solution.
- He called for immediate bipartisan legislation to create a Federal Production Incentive.
- Discussions are underway in Congress for legislation that could include a 20% labor credit, stackable with state incentives.
- Trump previously worked in the entertainment industry and has previously expressed concern about Hollywood's struggles, even threatening tariffs on foreign films.
- He described Hollywood as a "Complete and Total Disaster" with "no incentive to be there."