President Donald Trump has endorsed a federal tax incentive for film and television with the aim of shifting production back to the United States. The president issued his call via his Truth Social on Monday, imploring Republicans and Democrats to form a bipartisan effort to bring production jobs back to the United States. “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,” he wrote.
“Congress should approve, immediately, a Federal Production Incentive to create Entertainment Jobs in America. It can be done quickly, accurately, efficiently and, importantly, will benefit ALL of America.,” he added. “What we watch on the Silver Screen should be made in what was once the Movie and Motion Picture Capital of the World. Let’s get this done!” The president’s call comes a year after he threatened to impose a 100% tariff on films made offshore, which prompted industry insiders to push for tax credits on par with Canada and the United Kingdom. As Breitbart News reported, Sen. Adam Schiff (D-CA) detailed the Hollywood decline during a Burbank City Hall chambers meeting by noting that roughly 45 percent of all U.S. films and scripted shows are being shot abroad.
