Media and Entertainment
Source: (remove) : Los Angeles Times
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Media and Entertainment
Source: (remove) : Los Angeles Times
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Jon Voight, Sylvester Stallone and entertainment groups lobby Trump for tax provisions


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Published in Media and Entertainment on Monday, May 12th 2025 at 17:44 GMT by   Print publication without navigation

  • A coalition of entertainment unions, guilds and groups have sent a letter to President Trump, asking him to support tax provisions that would help Hollywood.

Jon Voight, Sylvester Stallone, and various entertainment industry groups are actively lobbying former President Donald Trump to support specific tax provisions beneficial to the entertainment sector. These provisions, which were part of the 2017 Tax Cuts and Jobs Act, are set to expire in 2025, and their renewal is crucial for the industry. The tax benefits in question include deductions for film and television production costs, which have significantly supported the growth of the entertainment industry in states like Georgia and Louisiana. The lobbying efforts underscore the industry's reliance on these fiscal incentives to maintain economic viability and competitiveness, especially in light of the financial strains caused by recent industry disruptions.

Read the Full Los Angeles Times Article at:
[ https://www.latimes.com/entertainment-arts/business/story/2025-05-12/jon-voight-sylvester-stallone-and-entertainment-groups-lobby-trump-for-tax-provisions ]