Jon Voight published his five -page proposal on Tuesday “Make Hollywood Great” to President Donald Trump. The actor-ambassador and president met on the level, designed to reverse the current exodus of the United States film and television production to other countries during the weekend.
The proposal, which was published for the first time by Deadline, describes a carrot and stick approach for production incentives, starting with a 10% basic federal tax credit for all productions in the United States in addition to any state tax credit to which productions are eligible. The productions that draw in states without additional incentives will receive a basic rate of 20%, with an additional 5 to 10% for the productions which draw in “corporate zones” economically depressed “.
On the other hand, the proposal suggests that if a production “could have been produced in the United States, but that the producer chooses to produce in a foreign country and therefore receives an incentive to the production tax, a price will be placed on this production equal to 120% of the value of the foreign incentive received.”
The tariff part of this proposal is somewhat similar to that floated by Trump on Truth Social on Sunday, calling for “a 100% price on all the films that enter our country which are produced at foreign land”.
In the proposal, Voight and his team write that the prices offered are “not intended for a penalty, but are a necessary step to” level the rules of the game “while not creating an endless cycle of prosecution of the strongest incentive”. The proposal also calls for the application of productions to meet a minimum requirement for an “American cultural test”, similar to that required British film productions To be eligible for tax incentives exclusive to British projects.
Voight and his team also suggest certain exemptions from prices for films “significantly in the United States, but require work in foreign countries” via production treaties that would allow producers to take advantage of tax incentives for expenditure applicable in each country.
Perhaps Voight's proposal which would get the most decline in Netflix and other streamers is that to restore the rule of financial interests and syndication, which prohibiting networks from having the emissions that they disseminated from 1970 to 1993. Voight offers new rules 25-40% depending on the duration of the streamer exclusivity agreement to disseminate the project.
Voight, who was appointed “special ambassador to Hollywood” by Trump shortly after returning to the White House, met the unions and industry stakeholders alongside his producer partner, Steven Paul, before his visit to Trump last weekend.
But Trump said nothing about Voight's proposal beyond the prices, which have become the heart of its economic policy and created global financial and commercial instability, especially from the 145% tariff of the White House on most of the Chinese goods that triggered a trade war between the two countries. The prices are starting to have a significant impact on goods this week, officials of the port of Los Angeles reporting a 35% drop in cargo imported from last year, according to CNN.
Trump's only price suggestion for Hollywood production misfortunes shook the actions of the entertainment company when the markets opened on Monday, with Warner Bros. Discovery opening 4.4% compared to its fence on Friday before reducing this fall to 2% by the market. Other companies such as Netflix, IMAX and Cinemark have made similar successes.
After the publication of Trump's social media, a White House spokesperson said on Monday that “although no final decision on foreign films prices were made, the administration explores all the options to deliver President Trump's directive to protect our country's national and economic security while making Hollywood Grand.”
While the motion Picture Association and its members' studios have chosen not to comment in response to Trump's film's film rate plans, several California politicians, notably Governor Gavin Newsom, Senator Adam Schiff and the deputy of Burbank Laura Friedman, called Washington to support a federal tax incentive.
Newsom, who was disputed with Trump on various other questions and currently supports a spectacular increase and expansion of the California tax incentive, went so far as to call Trump and the congress to establish a national and televised tax incitement program of $ 7.5 billion.
“California has built the film industry – and we are ready to bring even more jobs back to home,” wrote Newsom on social networks. “We have proven what powerful state incentives can do. It is now time for a real federal partnership to achieve America again. ”
