Wednesday, 11 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • đŸ”„
  • Trump
  • House
  • VIDEO
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Entertainment > Unions, MPA Urge Trump to Back Hollywood Tax Deductions
Entertainment

Unions, MPA Urge Trump to Back Hollywood Tax Deductions

Last updated: May 12, 2025 1:56 pm
Share
Unions, MPA Urge Trump to Back Hollywood Tax Deductions
SHARE

A coalition of entertainment unions, along with the Motion Picture Association, have come together to appeal to President Trump for his support in backing tax deductions that would benefit the entertainment industry. In a joint letter addressed to the President, signed by two of Trump’s industry ambassadors, Jon Voight and Sylvester Stallone, the unions expressed their gratitude for the President’s efforts in highlighting the issue of production jobs moving overseas.

The letter, which can be accessed here, acknowledged the President’s recent announcement of a 100% tariff on foreign-produced movies as a means to bring back production jobs to the United States. However, the letter did not directly mention the tariff but instead focused on the need for federal film subsidies and incentives to encourage more productions to take place in the U.S. The unions emphasized the importance of implementing policies that would make the U.S. market more competitive in the global entertainment industry.

The joint letter outlined three specific measures that the unions are urging President Trump to support as part of the budget reconciliation package currently being discussed in Congress. These measures include an extension of Section 181, which allows for the deduction of up to $15 million in production expenses. The unions are proposing to double this cap to $30 million, with the possibility of increasing it to $40 million for productions in low-income areas.

Additionally, the letter calls for the reauthorization of Section 199, a deduction that expired in 2017 but could help reduce corporate tax rates for domestic filmmaking. The unions argue that such incentives would not only make the U.S. market more competitive but also create and retain high-paying jobs in the industry. Another key point raised in the letter is the reauthorization of Section 461, which allows companies to carry back their net operating losses for up to five years, benefiting film companies with fluctuating income patterns.

See also  Everything Amanda Bynes Has Said Since Leaving Hollywood

The leaders of various entertainment guilds and associations, including the Directors Guild of America, SAG-AFTRA, and the Writers Guild of America, among others, signed the letter. They emphasized the importance of incentivizing domestic film and television production to create more job opportunities for industry workers. Russell Hollander, the national executive director of the DGA, stressed the need for comprehensive federal tax incentives to combat the decline in production within the U.S.

Matthew Loeb, the international president of IATSE, highlighted the impact of aggressive overseas incentives on American film and television workers, leading to job losses and economic uncertainty. He urged the federal government to provide a balanced response to support American jobs and level the playing field internationally.

While President Trump has floated the idea of a 100% tariff on foreign-made films, the White House clarified that no final decisions have been made. Trump expressed his willingness to meet with industry representatives to discuss the issue further, emphasizing his desire to help rather than harm the industry. Studio leaders have already convened to strategize on how to address the potential tariff, highlighting the entertainment industry’s significant trade surplus with the rest of the world.

Overall, the joint letter from entertainment unions and the Motion Picture Association underscores the importance of federal tax incentives and deductions in revitalizing the domestic film and television production industry. By implementing these measures, the industry aims to create more job opportunities, retain talent, and strengthen the U.S. market’s competitiveness on a global scale.

TAGGED:DeductionsHollywoodMPAtaxTrumpUnionsUrge
Share This Article
Twitter Email Copy Link Print
Previous Article JUST IN: US Attorney Alina Habba Announces Federal Investigation Into New Jersey Democrats Who Violently Attacked ICE Agents | JUST IN: US Attorney Alina Habba Announces Federal Investigation Into New Jersey Democrats Who Violently Attacked ICE Agents |
Next Article Evgeni Malkin’s retirement decision could overshadow ,000,000 star’s uncertain future with Penguins, claims insider Evgeni Malkin’s retirement decision could overshadow $92,000,000 star’s uncertain future with Penguins, claims insider
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Dirty Dancing Star Jen Grey’s Career Nose Dived After Nose Job

Jennifer Grey, best known for her role as Frances 'Baby' Houseman in the iconic movie…

December 3, 2024

‘Psychological torture’: tenant evicted for excessive noise

‱ A disruptive tenant in Tikipunga, Whangārei, was evicted from a Kāinga Ora-managed property after…

February 14, 2025

Tim Walz’s Brother Eviscerates VP Hopeful Sibling

Former Battalion Commander Accuses Minnesota Governor Tim Walz of Embellishing Military Record The former battalion…

September 1, 2024

When Do Wicked Tickets Go On Sale?

The upcoming spooky season is set to be all about witches, with the highly anticipated…

September 25, 2024

Liverpool vs. Newcastle United live stream, lineups: Where to watch EFL Cup final, odds, pick, prediction

Liverpool and Newcastle United are set to battle it out at London's Wembley Stadium on…

March 16, 2025

You Might Also Like

Scott Wolf Talks Family Challenges Before Kelley Wolf Divorce
Entertainment

Scott Wolf Talks Family Challenges Before Kelley Wolf Divorce

June 11, 2025
ZEE5 Chief Amit Goenka Maps Global Expansion Strategy
Entertainment

ZEE5 Chief Amit Goenka Maps Global Expansion Strategy

June 11, 2025
Waco Survivor Warns Justin Bieber About Falling into a Religious ‘Cult’
Entertainment

Waco Survivor Warns Justin Bieber About Falling into a Religious ‘Cult’

June 11, 2025
Justice Department says Trump can cancel national monuments that protect landscapes : NPR
World News

Justice Department says Trump can cancel national monuments that protect landscapes : NPR

June 11, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?