Politics
Trump proposes film tax credit, drawing backing from California Governor Newsom
The Hill reports that President Trump called for a federal film tax credit, which California Governor Gavin Newsom supported.
The short version
- President Trump urged lawmakers to establish a federal film tax credit following meetings with Jon Voight and Spencer Pratt.[The Hill]
- California Governor Gavin Newsom expressed support for the proposal, responding to the announcement with an 'Amen!'.[The Hill]
- Sen. Adam Schiff previously cited data showing 45 percent of U.S. scripted series and films filmed abroad last year.[The Hill]
- The Washington Post editorial board criticized the concept, arguing federal film subsidies replicate costly and ineffective state policies.[The Hill]
Key facts
- President Trump advocated for a federal film tax credit following discussions with Jon Voight and Spencer Pratt.[The Hill]
- California Governor Gavin Newsom reacted to Trump's proposal with an 'Amen!'.[The Hill]
- Senator Adam Schiff shared data indicating 45 percent of domestic films and scripted series were filmed overseas last year.[The Hill]
- The Washington Post editorial board opposed the idea, describing federal incentives as costly and ineffective.[The Hill]
What remains uncertain
- Whether Congress will draft and advance legislation for the proposed tax credit remains unknown, as a previous foreign film tariff plan was never implemented.[The Hill]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.