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Trump’s Hollywood ambassador Jon Voigt joins coalition asking for tax incentives Trump’s Hollywood envoy Jon Voight joins coalition asking for tax incentives
(about 13 hours later)
In letter, also signed by ambassador Sylvester Stallone, studios and unions call for support on three tax provisionsIn letter, also signed by ambassador Sylvester Stallone, studios and unions call for support on three tax provisions
Donald Trump’s Hollywood ambassadors, including actor Jon Voight, joined labor unions and major studios in asking the US president to expand and extend tax incentives for film and television productions. Donald Trump’s Hollywood ambassadors, including the actor Jon Voight, joined labor unions and major studios in asking the US president to expand and extend tax incentives for film and television productions.
In a letter addressed to Trump on Sunday, the studios and unions did not mention his threat to introduce 100% tariffs on films made abroad, but instead thanked him for supporting the industry through their “shared goal” of domestic production.In a letter addressed to Trump on Sunday, the studios and unions did not mention his threat to introduce 100% tariffs on films made abroad, but instead thanked him for supporting the industry through their “shared goal” of domestic production.
“We appreciate and thank you for the support you have shown our industry. We also appreciate your understanding of the need to increase domestic film and television production to bring back American jobs,” the letter read.“We appreciate and thank you for the support you have shown our industry. We also appreciate your understanding of the need to increase domestic film and television production to bring back American jobs,” the letter read.
The letter also calls for Trump to back three tax provisions in the upcoming budget reconciliation bill being drafted by Congress that it argues would “immediately make America more competitive, expand the American media industry, brings jobs back to America, and support the independent spirit of American business”.The letter also calls for Trump to back three tax provisions in the upcoming budget reconciliation bill being drafted by Congress that it argues would “immediately make America more competitive, expand the American media industry, brings jobs back to America, and support the independent spirit of American business”.
They include reviving section 199 of the tax code, which provided deductions for manufacturing to film and TV production, expanding section 181 to double to $30m in production expenditures, and restoring the section 461 ability to allow companies to carry back their net operating losses. They include reviving section 199 of the tax code, which provided deductions for manufacturing to film and TV production, expanding section 181 to double the cap on production expenditures to $30m, and restoring the section 461 ability to allow companies to carry back their net operating losses.
The letter was signed by the Motion Picture Association, which represents Hollywood studios, and unions including Sag-Aftra, the Writers Guild of America, the Directors Guild of America, the Teamsters, as well as Voight and actor Sylvester Stallone, two of Trump’s so-called “special ambassadors” to Hollywood. The letter was signed by the Motion Picture Association, which represents Hollywood studios, and unions including Sag-Aftra, the Writers Guild of America, the Directors Guild of America, the Teamsters, as well as Voight and the actor Sylvester Stallone, two of Trump’s so-called “special ambassadors” to Hollywood.
There is no mention of Trump’s tariff proposal on foreign film production, which sparked outcry and confusion in the entertainment industry. The White House has since insisted: “No final decisions on foreign film tariffs have been made.”There is no mention of Trump’s tariff proposal on foreign film production, which sparked outcry and confusion in the entertainment industry. The White House has since insisted: “No final decisions on foreign film tariffs have been made.”
Trump announced his 100% tariff on foreign films a day after a meeting with Voight at Mar-a-Lago, during which the Midnight Cowboy and Heat actor presented his “comprehensive plan” to “make Hollywood great again”.Trump announced his 100% tariff on foreign films a day after a meeting with Voight at Mar-a-Lago, during which the Midnight Cowboy and Heat actor presented his “comprehensive plan” to “make Hollywood great again”.
Voight has since defended Trump’s proposal and expressed surprise at the negative reaction from across the industry, arguing: “Something has to be done, and it’s way past time.”Voight has since defended Trump’s proposal and expressed surprise at the negative reaction from across the industry, arguing: “Something has to be done, and it’s way past time.”