Trump mocks Hollywood as he considers tax breaks to save 'dying' film industry

Donald Trump suggested he was willing to consider the demands, saying he would 'probably' approve the tax credits
President Donald Trump claimed that industry figures who had criticized him in the past were now approaching his administration to seek federal tax credits for film and television productions (Getty Images/Andrew Harnik)
President Donald Trump claimed that industry figures who had criticized him in the past were now approaching his administration to seek federal tax credits for film and television productions (Getty Images/Andrew Harnik)

DAYTONA BEACH, FLORIDA: President Donald Trump said he would consider introducing federal tax credits for Hollywood as film industry executives seek meetings with his administration, arguing that the US entertainment industry is losing jobs to other countries.

Speaking at a campaign rally in Daytona Beach on Friday, October 30, Trump claimed that people in Hollywood who had criticized him for years were now approaching the White House to request incentives for film and television production. He suggested he could approve the proposal, although he did not provide details about the potential tax credit program.

President Donald Trump speaks at a campaign rally at the Ocean Center, in Daytona Beach, Fla, Friday, Oct 30, 2026 (AP Photo/Phelan M Ebenhack)

Trump claims Hollywood executives are seeking meetings

Trump told the rally audience that Hollywood representatives were contacting him to discuss tax credits, claiming the industry was struggling as other countries attracted more film production.

"Now they're all calling me, kissing my a*s. They want tax credits for Hollywood because Hollywood's dying and other countries are taking away [jobs]," Trump said.

President Donald Trump pauses for a photo after speaking at a campaign rally at the Ocean Center, in Daytona Beach, Fla, Friday, Oct 30, 2026 (AP Photo/Jacquelyn Martin)

He described meetings with entertainment industry representatives who allegedly praised him despite previously making negative comments about his presidency.

"Guys that have been saying bad crap about me for years are sitting in my office, 'Sir, it's a great honor to be with you, sir,'" he said.

Trump added that he could use online searches to review what people had said about him in the past before meeting them.

Trump says he may approve film tax incentives

Trump indicated that he was open to providing tax credits to support Hollywood, saying, "Now they want tax credits because their industry is dying in this country. And I'll probably do it."

However, he did not outline how such incentives would work, which productions could qualify or when a proposal might be introduced.

Robert De Niro attends Netflix's 'Zero Day' World Premiere at The Plaza Hotel on February 18, 2025 in New York City (Photo by Theo Wargo/Getty Images)

His remarks came amid concerns about film and television production moving outside the United States, with other countries offering financial incentives to attract studios and production companies.

The potential federal tax credit initiative could be aimed at making domestic production more competitive, although Trump did not announce a formal policy or provide a timeline.

The president's comments came during a campaign appearance at the Ocean Center in Daytona Beach, where he was supporting Republican gubernatorial candidate Byron Donalds ahead of the November 3 midterm elections.

Trump also used the speech to criticize Hollywood figures who have publicly opposed him, including actor Robert De Niro. However, his remarks about film tax credits focused on the industry's requests for federal incentives and his willingness to consider them.

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