Don't Tase Me Bro
Active member
- Joined
- May 30, 2009
- Messages
- 446
- Reaction score
- 195
- Location
- South Carolina
- Gender
- Male
- Political Leaning
- Libertarian
The president said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
"I haven't seen detailed proposals yet, but I'll be happy to look at them," Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.
Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called "Newspaper Revitalization Act," that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin's Maryland colleague Sen. Barbara Mikulski (D).
The Hill
So now the biased media gets to be tax exempt? What makes them different than any other business in this country, that they're becoming antiquated? Technology is making the newspapers obsolete. The Federal government is yet again supporting failure rather than embracing change, rather strange for this administration. Then again, maybe not so strange considering 95% of the MSM is in Obama's corner anyway.