Newsom Proposes $7.5B Film Tax Credit to Counter Trump Tariffs
Tap title to read story
0:00 / 0:31
California Governor Gavin Newsom proposed a $7.5 billion federal film tax credit to counter President Trump's call for 100% tariffs on foreign-produced movies. This would be the largest US government subsidy for the film industry, aiming to boost domestic production. Newsom's proposal follows Trump's meeting with actor Jon Voight and his subsequent social media post advocating for "movies made in America, again."
More context
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
