California Gov. Gavin Newsom Proposes $7.5 Billion Federal Film Incentive After Trump Floats Tariffs

As seen on Variety:

Just a day after Donald Trump revealed his plan to impose 100% tariffs on “any and all” films produced in “foreign lands,” California Gov. Gavin Newsom said Monday he wants to collaborate with the president to create a $7.5 billion federal tax incentive to help the film industry.

Many in the industry have pushed for years for a federal film subsidy to counter “runaway production,” as film jobs have been lured by incentives in Canada, the United Kingdom, and elsewhere. In the U.S., tax credit programs are currently offered only at the state level.