Trump is pushing for big subsidies to Hollywood, and it could have a much greater impact than his old movie tariff plan

Hollywood would have reason to thank Donald Trump if a film production incentive gets passed.

Patrick T.

Fallon / AFP via Getty Images; Jim Watson / AFP via Getty Images President Trump is calling for a federal tax incentive for domestic film and TV production.

Hollywood has hoped for a production incentive instead of the tariffs that Trump previously floated.

Trump has moved from "a stick mentality to carrots," an entertainment professor said.

President Donald Trump's popularity in Hollywood may soon take a turn for the better.

Trump voiced support for a federal tax incentive for movies and TV made in the US.

The plan came after conversations with Jon Voight, whom the president appointed as his "Special Ambassador to Hollywood." "I am going to suggest that Republicans and Democrats get together, and immediately craft Legislation to save the Movie, Television, and Entertainment Business in America," Trump wrote on social media on Monday night.

A tax credit for films and TV shows made domestically could give a huge boost to Hollywood, which has been hindered by the pandemic, work stoppages due to labor strikes, and a decline in local production as projects move to countries with more generous incentives.

States like Georgia, Louisiana, and New York already offer production tax credits, and a federal incentive could further sweeten the deal.

"This is great news for people working in the rapidly changing and challenging film production business," said Paul Hardart, an entertainment industry professor at NYU.

Rewarding studios for shooting in the US could also help support businesses across the country that provide ancillary support to the film industry, like hotels, restaurants, and makeup artists.

"It's not just about LA," said Michael J.

Wolf, the CEO of media-focused advisory firm Activate Consulting.