Trump Backs Federal Film Tax Credit for Hollywood

President Trump on Monday endorsed a federal tax incentive for film and television production and told Congress to pass a bipartisan bill immediately.

In a Truth Social post, Trump said he would push Republicans and Democrats to "immediately craft Legislation to save the Movie, Television, and Entertainment Business in America."

"Congress should approve, immediately, a Federal Production Incentive to create Entertainment Jobs in America," he wrote. "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!"

It would be the first federal production incentive of its kind. Trump gave no figure for the credit's size or cost.

What Trump Said

Trump framed the endorsement around a meeting with actor Jon Voight, his "special ambassador" to Hollywood, whom he called "a fantastic man who loves our Country."

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

He argued the money would pay for itself: "The amount of money spent on Tax Incentives will be made up tenfold by the money pouring into the Treasury's coffers."

He also pitched it as a bipartisan lift, writing that "Meetings are being set up with the Leaders of both Parties in order to get this done" and that it should be bipartisan "especially since so much money is being lost in California, and other largely Blue States."