Trump backs a federal film tax credit

Move aims to keep productions from moving overseas LOS ANGELES — For years, Hollywood has talked about a federal film and television tax credit that could help the industry combat the growing number of productions fleeing overseas. This week, the entertainment business got a glimmer of hope. After more than a year of quiet work from California lawmakers, industry lobbyists and Hollywood unions to build a bipartisan coalition, President Donald Trump endorsed the effort in a post on Truth Social, providing a major boost to the issue. Unlock unlimited access to daily events, breaking news, community stories and more. Subscribe to unlock the full article. Subscribe for only $1 for 4 weeks to get unlimited access. Subscribe Now