Jon Voight caused a sensation in May when he set up President Trump on a plan to save Hollywood, and warned that the industry had the risk of “going into the drain”.
But not much has happened in the months since then.
Trump arranged an outcry when he threatened to tile films with foreigners, and then continued quickly.
But there are still conversations. Steven Paul and Scott Karol, independent film producers who worked with Voight to “make Hollywood great again”, are confident that a Filmmanship will be presented in the congress this year.
“Just because we may not see things in the press does not mean that people don't work hard behind the scenes,” said Paul in an interview on Wednesday.
Karol said that the hope was that a federal incentive “will soon be introduced to two parties”.
The Hollywood unions have long applied for a federal incentive to counteract those offered by Canada, Great Britain, Great Britain and many other countries that have performed jobs in recent decades. The global production of production, which has hit the industry since 2022, has revived these discussions. But while California, New York and Texas have increased their incentives, nothing has yet arisen at the federal level.
MP Laura Friedman, a democrat from the Los Angeles area, said she would support such an incentive. The Senator of California, Adam Schiff, also works on the idea, although no Republicans have not yet signed publicly, and Trump has not expressed his support.
In the meantime, a much more modest initiative has begun to take shape on the Capitol Hill. At the beginning of this month a cross -party group in the house and in the Senate introduced A legislative template for the extension and expansion of section 181, a tax deduction for independent film producers.
The deduction, which was first passed in 2004, enables investors to write off the production costs immediately, instead of waiting for the investment to be switched off over several years.
The deduction is limited to $ 15 million per production and will currently expire on December 31. Hollywood unions and the Motion Picture Association have asked Trump to extend it and increase the upper limit to $ 30 million or $ 40 million for productions in low-income areas. The expansion was included in Voight's design plan to save Hollywood.
“It's a beginning,” said Paul on Wednesday. “You start somewhere and it's a very good start.”
Hollywood stakeholders have also called for the renewed authorization of section 461, which made it possible to reset their net losses for up to five years. This provision, which had expired in 2022, was particularly helpful for film companies that have unequal sources of income and were able to use losses in one year to cancel profits in previous years.
Karol said that the idea of a tariff in foreign films did not reappear in the conversations in which he took part. If there were a federal incentive, the conceivable producers could be faced with a punishment for the election after overseas.
“The president is very behind him to bring production back to America and see our business healthy,” said Paul. “He remains obliged to do so.”