It was a Sunday like no other in Tinseltown. Just when Hollywood was recovering from strikes and streaming showdowns, President Donald Trump fired off a 100% tariff on all foreign-made movies. Yes, you read that right — 100%. According to Trump...
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Voight and Stallone Lead Hollywood in Asking Trump for Tax Incentives
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Subscribe15 MAY 2025 / ACCOUNTING & TAXES
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President Donald Trump has proposed a 100% tariff on all foreign-made movies, receiving backlash from prominent Hollywood figures, including director Ava DuVernay and actors Jon Voight and Sylvester Stallone. Instead of backing the tariff idea, they proposed alternative tax incentives, such as reviving deductions for US-made film and TV productions, doubling the cap for tax-deductible production expenses, and re-allowing the option to carry back net operating losses, plus the addition of a 10-20% federal tax credit.
It was a Sunday like no other in Tinseltown. Just when Hollywood was recovering from strikes and streaming showdowns, President Donald Trump fired off a 100% tariff on all foreign-made movies. Yes, you read that right — 100%. According to Trump...
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