With Hollywood reeling from the potential cataclysmic effects of Donald Trump’s calls for 100 percent tariffs on non-U.S. produced movies, California Gov. Gavin Newsom sprung into action on Monday evening, proposing a team up with The White House on a $7.5 billion federal film tax credit to provide relief to the entertainment industry.
Newsom’s proposal would see the federal government step in to boost film and TV production in the U.S. by modelling the tax credit on…