Economy
For more information concerning work and views related to Economy, please contact our office.
More on Economy
LOS ANGELES — Gavin Newsom wants to claim the role of Hollywood’s superhero. But California’s iconic industry is so battered that even its governor may not be able to save it.
SACRAMENTO — California officials were bracing Friday for a potential major escalation in President Donald Trump’s efforts to starve the state of federal funding, including possibly the elimination of grants for the University of California.
By Linh Tat
The first 2026 FIFA World Cup match in the U.S. - to take place in Los Angeles County - may be more than 12 months out, but some members of Congress are concerned that time is running out to approve visas for all of the millions of athletes and tourists planning to travel to the United States.
Following a post on May 4 in which President Donald Trump suggested that a 100% tariff be applied to films produced “in foreign lands,” California Gov. Gavin Newsom countered with a federal film tax credit program proposal, which would be modeled after the same program the state is currently looking to expand.
By City News Service
President Donald Trump directed his attention this week at Hollywood, threatening in a social media post to impose tariffs on movies produced outside of the United States.
Trump posted on Truth Social the American movie industry was dying a "very fast death" because of incentives other countries offer filmmakers to produce films and movies outside of the U.S.
By Gene Maddus
President Trump’s initial proposal to impose a 100% tariff on foreign-produced films was met with bafflement and horror in Hollywood. But for lawmakers who represent film industry workers, it looked like an opportunity.
“I would like to refocus the conversation around a national film tax credit,” said Rep. Laura Friedman, a Democrat from Burbank. “We know this works.”
Jon Voight’s proposal to “Make Hollywood Great Again” sent to President Donald Trump on Tuesday offers a mix of tax incentives, tariffs, co-productions and a proposal to bring back the famed Fin-Syn arrangement of the 1990s.
Here are the topline proposals in the five-page plan:
Federal Tax Incentives:
By Samantha Masunaga and Meg James
Shortly after President Trump stunned Hollywood with his call for tariffs on films produced overseas, California Gov. Gavin Newsom waded into the debate with an unexpected offer.
When President Donald Trump posted on Truth Social on Sunday that he wanted to tax foreign made films, it caught California Democrats off guard.
When President Donald Trump posted on Truth Social on Sunday that he wanted to tax foreign made films, it caught California Democrats off guard.