WASHINGTON: US President Donald Trump has called for a federal tax credit to benefit the movie and television industry, saying it would help bring the production of Hollywood blockbusters back to the United States.
“Congress should approve, immediately, a Federal Production Incentive to create entertainment jobs in America. It can be done quickly, accurately, efficiently and, importantly, will benefit all of America,” Trump said in a social media post.
“What we watch on the silver screen should be made in what was once the movie and motion picture capital of the world.”
The US film and TV industry has lost jobs to overseas production hubs, which often feature lower cost labour and more generous tax credits.
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