Trump is pushing for big subsidies to Hollywood, and it could have a much greater impact than his old movie tariff plan

Former President Donald Trump is advocating for a federal tax incentive aimed at boosting domestic film and TV production. This proposal, which emerged after discussions with actor Jon Voight, aims to replace the tariffs Trump previously proposed on foreign-made movies. The incentive could provide a significant financial boost to the film industry, which has faced challenges such as labor strikes and a decline in local production due to more attractive incentives in other countries.

Trump's shift towards incentives over tariffs appears to have been well-received by the entertainment industry, who previously criticized the tariff proposal for its logistical complexities and potential disruptive impact. While the proposal has garnered support, it may face opposition from some Republicans who are wary of providing financial support to Hollywood creative talent.

Nevertheless, proponents of the incentive argue that it could help level the playing field for American filmmakers and jobs, while also offering protection against the potential rise of AI-generated content in the industry.