Skip to comments.House Dems Propose $1 Billion in Subsidies for Local Newspapers
Posted on 09/15/2021 4:50:26 PM PDT by Olog-hai
House Democrats are offering more than $1 billion in subsidies to local newspapers as part of a massive spending proposal released this week, even as polls show record levels of distrust in the media.
The $3.5 trillion spending plan includes up to $25,000 in payroll tax credits for each journalist on a local newspaper’s payroll. The carve-out will cost $1.3 billion over the next decade, according to the Joint Committee on Taxation. To offset this and other tax credits included in the bill, Democrats are proposing $2.9 trillion in tax hikes through higher corporate, capital gains, and personal income tax rates.
Democrats hope the proposal will rescue local newspapers, which saw employment fall by 57 percent from 2008 to 2020. More than 1,800 newspapers have shut down since 2004 amid a shift away from print advertising and the rise of online media. Confidence in the media has also waned. Just 21 percent of Americans said they had “great confidence” in newspapers, according to a recent Gallup survey. Only television news, big business, and Congress had lower confidence ratings. […]
Americans for Tax Reform listed the tax credit as one of 10 “giveaways” that Democrats are offering to liberal interest groups in the spending plan. The group, which supports low taxes, noted that journalists tend to be liberal.
The spending bill also proposes subsidies for the solar industry to “promote environmental justice” and a tax deduction of up to $250 for dues paid to labor unions. …
(Excerpt) Read more at freebeacon.com ...
Gotta keep the propaganda machine firing on all cylinders.
Propaganda mills and 7th century immigrants are what Rats promote in their quest for power.
All that may do is prop them up for a bit but that is all. Newspapers are dying and that is it. Younger people of a certain age don’t read them and some don’t even know what they are. Sounds like a deal for big city papers already going down the tubes.
Newspapers are dying because they’ve become nothing more than Democrat propaganda.
Free press not so much eh?
This is a bribe .
Shut down the whole mess .
DO NOT Raise the Debt Ceiling .
What about the Town Criers? Should we keep them too?
This is looking more and more like an snl skit everyday. Its like the thieves returning to the heist to demand payment for the get away car.
They can’t die soon enough to suit me.
For some reason, the spouse has to have the Sunday fish wrap of The State. A horrible newspaper.
And yet the State and federal governments don’t want landlords to be able to collect the rent. The democrats are going cause the fall of this country. They will bankrupt the USA very soon.
NPR, the local editions...
You ain’t seen nothing yet!
I know too many that yern for the Sunday Rag
Gotta keep the lies going.
I know a few.
Who prints up the tax forms? A government agency doing the government’s business, the feds should pay for it. It’s the same thing here, from the NYTs down, all regime printing presses.
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