Jon Voight, Hollywood group asks Trump to seek tax benefits

Hollywood Major’s studio and union worked with “special ambassador” Jon Voight to ask that. Donald Trump considers supporting their bid for further tax benefits for film and television production.

In a letter from President Joseph, Voight and a lengthy list of industry participants, including the Film Association, producer groups and top industry labor groups, called on Trump to support their efforts to include Hollywood-friendly tax measures in Congress in the settlement.

The letter significantly fails to mention the tariffs advocated by Trump in the CAPS lockdown social media post held on May 4.

The letter specifically advocates for the plan to revive Section 199 of the Internal Income Act, which once allowed film and television productions to qualify as a form of “make-outdoor”. The letter noted that the signatories “strongly support” Trump’s proposal to reduce the domestic manufacturing tax rate by 15%.

Industry stakeholders also wrote that they are seeking to expand and expand Section 181, a decades-old rule that allows a certain amount of film and television production fees to be tax-free. Currently, the limit for deductions is $15 million, but if produced in low-income or economically distressed areas, these groups require $30 million or up to $40 million. ”

The signatories also proposed a proposed Section 461 return of internal tax regulations that allow businesses to spread net business losses over five years during the COVID-19 pandemic. The author believes that film production companies face significant risks in financing projects that can be a huge blow or massive failure and can be used to “use profitable years to offset later losses, resulting in greater financial stability”.

The letter apparently aims to strike in the iron heat, after Trump posted a week on his truth social platform, aiming to "100% tariffs" on films made overseas. Although the White House later heard the claim, saying “there is no final decision”, industry leaders rushed to respond in the following days.

On May 5, Voight made public during that time and detailed plans to “make Hollywood great again”, tweeting Trump about tariffs the same weekend. The plan, developed after a prolonged discussion with industry leaders, calls for tariffs in “limited situations” and also requires tax incentives, tax law changes, infrastructure subsidies and co-production treaties.

Studio executives huddled with MPA chairman Charles Rivkin on Friday to discuss the evolving situation. MPA has not formally commented on tariff ideas.

In addition to Voight and MPA, the American Association of Directors, IATSE, SAG-AFTRA, TEALSTERS, AMERICAS WEST and EAST’s Writers Association, Independent Film and Television Alliance, American Producers Association, Producers Federation and American Film USA signed the statement.

While these signators have pushed incentives to immediately provide production for shooting based on U.S. shots, they noted that the issue of out-of-control production would cost more than some tax law changes required.

“Returning more production to the United States will require a national approach and a broad policy solution based on a broad range of policy solutions, including those we propose below and long-term plans such as the implementation of federal film and television tax incentives,” the letter said.