Posted on 11/16/2021 11:44:43 AM PST by marcusmaximus
Tucked into President Joe Biden’s proposed nearly $2 trillion social spending bill is a provision to boost local media through tax incentives meant to help an industry battered by the COVID-19 virus.
The Local Journalism Sustainability Act (LJSA), first introduced in July, would provide a local media advertising credit of up to $5,000 in the first year and up to $2,500 in the next four years, covering 80% of advertising costs in the first year and 50% in the following four years.
Other elements of the bill would provide a federal tax credit to local media outlets that hire local news reporters, covering half of compensation up to $50,000 in the first year, and 30% of compensation up to $50,000 in the following four years. To be eligible, reporters would need to meet a minimum of 100 hours of work per quarter.
The Joint Committee on Taxation estimates the cost of the legislation at $1.67 billion over 10 years.
(Excerpt) Read more at thecentersquare.com ...
They were battered because they suck.
If they actually covered real news instead of fake news they’d be doing fine.
And now since Presstitutes and the Companies they work for are Accepting Federal Funds, NOTHING prevents a New Republican Controlled Congress from instituting Common Sense Licensing and Regulations on Commercial Speech for Compensation or Gain. If you LIE to the Public and call it news you face the DEATH PENALTY upon conviction.
At this point, who could doubt their loyalty?
She just wants to funnel taxpayer money to her live in boyfriend, John Harwood, long time NBC and CNBC stooge. He left his wife and family for this skank.
Then it’s not a free and independent press.
What the heck, 90% of them are Democrats anyway. It’s just one hand feeding the other.
They’re already taking steps on The Twittsewer and Fecesbook to make “journalists” a protected class - you’ll be suspended if you criticize them or their lies.
Can anyone say Pravda? We now have state-sponsored media.
The Local Journalism Sustainability Act (LJSA), first introduced in July, would provide a local media advertising credit of up to $5,000 in the first year and up to $2,500 in the next four years, covering 80% of advertising costs in the first year and 50% in the following four years.
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If leftist “journalists” kissed the Democrats’ asses any harder, they’d wind up inside their large intestine.
Bailing out cable news networks that are going belly up.
The VanShuyten E-vening Newspaper just went online. Where’s my cash?!?!
“Then it’s not a free and independent press.”
Exactly right. Terrible idea.
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