President Trump's recent proposal of a 100% tariff on foreign films has caused confusion within the global film industry while underscoring the current struggles of American cinema. He suggested that the industry is dying due to foreign incentives attracting filmmakers away from the U.S. However, he later backtracked, emphasizing a desire to support American entertainment and suggesting discussions with industry leaders. This announcement follows a meeting with actor Jon Voight, who proposed a plan to revitalize the film industry that includes tax incentives and subsidies.
The Movie Industry in America is DYING a very fast death, other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States.
Hollywood doesn't do very much of that business; they have a nice sign and everything's good, but they don't do very much.
Voight presented Trump with a plan to rescue the American film industry with federal tax incentives, co-production treaties, and subsidies for theaters.
Voight called Trump 'the greatest president since Abe Lincoln' and said he 'loves the entertainment business and wants to see Hollywood thrive.'
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