California Governor Proposes $7.5 Billion Film Tax Credit Amidst Tariff Fallout and Voight's Bold Proposal
California Governor Gavin Newsom is urging federal support for the film industry as Jon Voight proposes new tax incentives and tariffs on foreign productions.
Voight’s proposal has a bombshell for streamers.
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Trump's decision to target Hollywood is just the latest in a slew of tariffs his administration has announced in a claimed effort to bring certain industries back to the United States.
Jon Voight may be behind Trump's Hollywood tariffs
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The actor stated on social media he brought the idea to Trump, effectively triggering a series of events culminating in the tariffs.
Jon Voight’s Recent Move Makes Him Most MAGA Actor In Hollywood
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It would be the first federal-level incentive program for the film industry in the U.S.
Newsom proposes to work with Trump to 'Make America Film Again,' floats $7.5B federal tax credit
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Some critics have questioned the effectiveness of such credits.
Newsom offers to work with Trump on $7.5bn tax credit plan to boost US films
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If Newsom is successful, it would be the largest federal investment in the entertainment industry in U.S. history.
Newsom looks to team up with Trump on federal film tax credit - Washington Examiner
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California built the film industry — and we’re ready to bring even more jobs home.
Gavin Newsom wants to work with Trump to create $7.5 billion federal tax credit for Hollywood
The Post Millennial·9d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.If successful, the Newsom-proposed tax incentives would represent the largest such government aid ever given for the industry and the first federal assistance for film production.
Newsom Seeks to Partner With Trump on Hollywood Tax Incentives
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Summary
California Governor Gavin Newsom is advocating for a $7.5 billion federal tax credit to bolster U.S. film production, responding to President Trump's proposed 100% tariff on foreign films. Voight's recent proposals include a 10-20% federal tax credit for U.S.-based productions, stackable with existing state incentives. His plans also suggest severe tariffs on productions heading abroad when U.S. incentives are available. Both initiatives reflect an effort to revitalize the American film industry and create local jobs amid concerns over foreign competition, as the White House continues to deliberate on Trump's tariff announcement.
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