Trump Touts Film and TV Revitalization Act in Truth Social Post: Bipartisan Bill Offers Tax Credits of Up to 30% to Bring Entertainment Back to America
President Donald Trump posted on Truth Social on Friday, November 13, that he is working with Senator Tim Scott, Senator Adam Schiff and many other lawmakers from both parties on the Motion Picture, Television, and Entertainment Revitalization Act, a bill that would use tax credits to bring film and television production that has moved overseas back to the United States.
In the post, Trump wrote that the support and popularity of bringing entertainment back to the United States of America has been "unbelievable." He said the entertainment industry has "largely moved to Canada, the United Kingdom, Australia and other countries," and that meetings are being set up with the leaders of both parties to get it done. The post also named Senators John Cornyn, Raphael Warnock, Steve Daines, Alex Padilla, Mark Warner, Katie Britt and Dick Durbin, and Representatives Jason Smith and Linda Sanchez, among others.
The bill's terms have been made public: qualifying film and television productions could claim a tax credit of 20% of labor expenses for American workers, rising to a maximum of 30% with bonuses. A project must have a budget over $1 million and shoot at least 75% of its filming in the United States. Post-production and visual-effects work also counts when at least 75% of those costs are incurred domestically. The credit would apply to productions beginning in taxable years after December 31, 2026, and would be transferable.
Representative Laura Friedman issued a statement the same day urging fast passage. "When the White House and this many members of both parties agree, there's no excuse to wait," she said, adding that a national film and TV incentive means jobs in California, Georgia, New York, New Jersey and every state across the country. Her office says the American film and television industry supports more than 2 million jobs and pays $202 billion in wages, and that more than 100,000 production jobs have disappeared since the industry's peak in October 2022.
Duncan Crabtree-Ireland, national executive director and chief negotiator of the actors' union SAG-AFTRA, has previously backed the bill, saying a federal incentive would build on state-level programs and give the United States a stronger tool to compete for productions with countries such as the United Kingdom, Ireland and Canada. An industry-commissioned study cited by supporters projects the federal incentive would create 143,500 full-time equivalent jobs annually nationwide.
Source: Donald Trump on Truth Social
Published by GSM · USA (original Chinese edition)
Photo: 图：洛杉矶 Hollywood 标志。Thomas Wolf 摄，CC BY-SA 3.0 DE，经 Wikimedia Commons。 / Photo: The Hollywood Sign in Los Angeles. By Thomas Wolf, CC BY-SA 3.0 DE, via Wikimedia Commons.
