Pay to Play now with the Media?

Democrats Attempt To Subsidize Journalists In New Tax Plan

The new $2.9 trillion tax plan coming from the Democrats seems to include one odd clause, a large tax credit for local news journalists.

The proposal from the Ways and Means Committee includes a “Payroll Credit for Compensation of Local News Journalists.” As reported by Editor and Publisher, which is an industry publication about journalism, the newly planned tax credit “will provide local newsrooms the opportunity to receive a five-year tax credit of up to $25,000 per journalist in the first year and up to $15,000 in the subsequent four years.”

As stated in the proposal, any local newspaper will be eligible to get the tax credit if it “serves the needs of a regional or local community” and “employs no more than 750 employees.”

Read about it... and the 5 year tax credit Democrats are proposing to the local media. Coincidentally, it would go through another Biden presidency should he be reelected. Politics all starts at the local level, so this is cunning legislation.