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Friday, November 26, 2021
Buying the media, with YOUR MONEY!!!-----Biden ‘Social Infrastructure’ Singles Out News Orgs for $1.7B in Tax Breaks
"A provision in President Joe Biden’s Build Back Better bill would give payroll tax credits to local newspapers, costing $1.7 billion over the next five years.
...Republicans have derided the $1.7 billion credit as a handout and even some journalists “acknowledge that it’s awkward to receive financial assistance from a government they cover independently,” the AP reported.
...it will help some larger companies, including Gannett, one of the nation’s largest remaining newspaper chains...would amount to $50,000 annually for each journalist on staff ....Read all
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