Trump launches bipartisan push to bring film and TV industry back to US
Former US President Donald Trump unveils a bipartisan bill to revive the American film, television, and entertainment industry.
Key Takeaways
AIFormer US President Donald Trump announced that he is working with both Republican and Democratic members of Congress on a "Film, Television, and Entertainment Industry Revitalization Act," aiming to bring the entertainment industry back to the United States.
In a post on Truth Social, Trump stated:
Made in America and should stay in America, noting that Hollywood and other locations have been "virtually emptied" due to tax incentives and other benefits offered by foreign countries.
He explained that much of the industry has shifted to Canada, the United Kingdom, Australia, and other countries, and that "actors, producers, and all workers want to come home."
Trump added that he is working on the bill with Republican Senator Tim Scott and Democratic Senator Adam Schiff
Believe it or not, along with other bipartisan members of the Senate and House, including John Cornyn, Raphael Warnock, Mark Warner, Chris Coons, Thom Tillis, and Representative Jason Smith.
Trump emphasized that hundreds of thousands of workers would benefit from the bill, and that the money spent on tax incentives would be "repaid tenfold" through increased revenues flowing into the treasury, according to his statement.
He noted that regular meetings are being held with leaders from both parties to pass the legislation, which he described as "already under very active negotiation," pointing out that a significant portion of lost funds to other countries comes from Democratic-led states.
Trump concluded his post by saying:
Let's make the entertainment industry great again.
