If you think the establishment media doesn’t like the Democrats enough already, wait until the federal government is subsidizing it.
There’s plenty of objectionable waste in the $3.5 trillion spending bill the Democratic Party is pushing on Capitol Hill, but few giveaways hidden in the 881-page document are so blatant as a tax credit for “local news” outlets.
According to the Washington Times, the credit would allow the outlets to receive a quarterly tax credit “equal to 50%” of a journalist’s salary up to $12,500 a quarter.
Add that up and it’s a gift of $50,000 per year per journalist, courtesy of the Democrats and the federal government.
After the first year, the credit would decrease to 30 percent of a journalist’s salary. In five years, the program would sunset. Joint Committee on Taxation estimates say the program will cost over $1.3 billion between now and 2031.
http://www.westernjournal.com/hidden-gift-media-dems-put-spending-bill-effectively-turns-every-outlet-npr/
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