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Read Jon Voight’s Plan To Save Hollywood: Midsize Federal Tax Credits, Increased Write-Offs & Harsh Tariffs On Overseas Incentives
Jon Voight wants Donald Trump to sign off on stackable tax credits, a "cultural test" and streamer ownership changes to help Hollywood.
Off the top, the Midnight Cowboy star seeks a 10%-20% federal tax credit that would be “stackable” on what states like California (which takes a drubbing in Voight’s document), Georgia and New York already provide. To that, a return to the shuttered Financial Interest and Syndication Rule is suggested with the hope to overturn what Voight calls “Draconian licensing terms.” In subjective terms similar to measures used in the UK and Canada, Voight and team want eligible productions to “meet a minimum threshold AMERICAN “Cultural Test” In case you are wondering who is in the crosshairs here, the proposal says it “applies to content produced for theatrical distribution; U.S. broadcast networks; U.S. cable channels; streaming services (including, e.g., Netflix, Amazon, Disney, Apple, Peacock, Paramount+ and Hulu); and digital platforms (e.g., YouTube, YouTube TV, X, Facebook)” — aka everyone.
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