House Democrats’ tax bill lavishes subsidies on local news

Christian Britschgi  |  September 15, 2021

By Christian Britschgi, includes “Under the tax bill released by the House Ways and Means Committee this morning, local publishers would get annual tax credits of up to $25,000 for each journalist they employ, which could then be put toward their employers' share of Medicare payroll taxes. … The second, more serious problem is that it puts the federal government in charge of deciding what counts as a legitimate newspaper and who counts as a legitimate journalist under the tax code.”

Read the full article on: Reason

comments powered by Disqus