Trump unveils new tax plan aimed at bringing TV and film production back to the US

Washington DC - President Donald Trump recently unveiled his new plan to save Hollywood by giving production companies a reason to make TV and movies in America.

In a social media post on Monday, President Donald Trump proposed a federal tax incentive plan that aims to bring TV and film production back to the US.
In a social media post on Monday, President Donald Trump proposed a federal tax incentive plan that aims to bring TV and film production back to the US.  © Collage: Kevin Dietsch / GETTY IMAGES NORTH AMERICA / Getty Images via AFP & PATRICK T. FALLON / AFP

In a Truth Social post shared on Monday, Trump revealed that he had a discussion with his "Hollywood Ambassador" Jon Voight about the idea of creating federal tax incentives to get entertainment companies to produce content in the US again.

"Hollywood is a Complete and Total Disaster! Despite the name, it is getting very little work. There is no incentive to be there, and it is hurting California very badly," Trump wrote.

The president went on to say it should be a "bipartisan effort," because "so much money is being lost in California, and other largely Blue States."

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"What we watch on the Silver Screen should be made in what was once the Movie and Motion Picture Capital of the World," he added.

Though Democrats have largely opposed Trump's MAGA agenda in his second term, his proposal quickly got the support of several notable politicians on the other side of the aisle.

New York Senator Adam Schiff – one of Trump's biggest political enemies – said he was in "strong agreement" with the president, and called on Congress to pass the measure "immediately."

California Governor Gavin Newsom even praised the suggestion, writing in an X post, "Amen! Let's make it happen."

In a statement to NBC News, Charles Rivkin, the CEO of the Motion Picture Association, also praised the move, as he believes it will make the US "a more competitive place to produce, create, and tell great stories."

Cover photo: Collage: Kevin Dietsch / GETTY IMAGES NORTH AMERICA / Getty Images via AFP & PATRICK T. FALLON / AFP

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