Trump promotes a historic tax incentive to recover jobs and production in Hollywood in the US

Trump promotes a historic tax incentive to recover jobs and production in Hollywood in the US
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Trump urges Congress to approve tax incentives to attract productions, recover jobs, and strengthen the audiovisual industry in the US

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President Donald Trump urged Congress on Monday to act quickly to approve a federal tax incentive aimed at the production of movies and television shows in the United States, with the goal of recovering jobs and economic activity that have moved abroad in recent years. The proposal represents a new attempt by the Trump administration to strengthen an iconic American industry and return to Hollywood some of the prominence it has lost to other international production centers.

Through Truth Social, Trump urged Republicans and Democrats to work together to pass legislation that would save the American film, television, and entertainment industry. The president stated that Congress should immediately establish a federal incentive for audiovisual production, with the intention of generating jobs within the country.

The initiative has support from figures across different political sectors. Among its main proponents is actor Jon Voight, a conservative figure close to Trump and one of the president's special ambassadors for Hollywood, along with Sylvester Stallone and Mel Gibson. Voight has warned about the decline of the American industry as more studios move their productions to other countries that offer more attractive tax benefits.

Trump reinforced his argument after recently meeting with Voight, 87, whom he described as a Hollywood legend deeply concerned about the current state of the industry. The president called the state of Hollywood a ''total disaster'' and supported efforts to incentivize production within the United States again.

The Donald Trump administration launched a historic tax incentive to attract greater investments to Hollywood and recover U.S. production of audiovisual content
The Donald Trump administration launched a historic tax incentive to attract greater investments to Hollywood and recover U.S. production of audiovisual content

The proposal also has an unusual element: the support of a prominent political adversary of Trump. California Democratic Senator Adam Schiff has promoted a federal initiative for years to combat the so-called ''flight'' of film and television productions. In March, Schiff held a Senate hearing on the relocation of production jobs to other countries and states that offer greater incentives.

A proposal previously pushed by Schiff included a 15% federal tax credit on certain labor expenses for productions made in U.S. territory. For his part, producer Steven Paul, CEO of ''SP Media Group'' and Voight's representative, along with the company's president, Scott Karol, have proposed a 20% credit on eligible labor costs.

Trump's intervention could provide a decisive boost to these initiatives due to his ability to place the issue at the center of the legislative agenda. The president has presented the incentive not merely as aid to Hollywood, but as a tool to stimulate the economy, recover jobs, and increase tax revenue through greater business activity.

Trump argues that the initial fiscal cost of the credits would be more than offset by the revenue generated by new productions. According to his argument, the money currently spent on filming in other countries could remain within the United States, benefiting workers, studios, suppliers, hotels, restaurants, and other businesses related to the audiovisual industry.

Trump's call to the legislature represents a bipartisan effort, receiving support even from major adversaries of the Democratic Party
Trump's call to the legislature represents a bipartisan effort, receiving support even from major adversaries of the Democratic Party

The president also presented a strategic and cultural argument: American films should be produced again in the United States, particularly in Hollywood, historically considered the world capital of cinema. For Trump, regaining that position would not only create jobs but also strengthen an industry with enormous international influence.

The proposal also received support from the ''Motion Picture Association''. Its president and CEO, Charles Rivkin, praised Trump's decision and assured that the organization will work with the White House and lawmakers from both parties to turn the project into law.

The bipartisan support around the incentive is one of the most notable aspects of the initiative. Trump has taken advantage of this coincidence to present his proposal as a pragmatic measure that transcends traditional political divisions.

With his call to Congress, Trump aims to make the recovery of Hollywood another component of his agenda for strengthening the American economy, using tax incentives to attract investments, jobs, and productions back to the country.

Sylvester Stallone, Mel Gibson, and Jon Voight will play an important role in the reconstruction of Hollywood's greatness
Sylvester Stallone, Mel Gibson, and Jon Voight will play an important role in the reconstruction of Hollywood's greatness



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