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).
It’ll get nowhere, but it does show (a) how bad its become for the dinosaur media and (b) how completely corrupt Democrats are…so corrupt they likely don’t even realize it when they’re doing it. Imagine, for a moment, if President Bush had stated he was open to a subsidy to, well, the old Blogs for Bush? After all, Matt and I were struggling a bit there and the blog advertising revenues weren’t enough to maintain a Washington Bureau…and, so, why not?
Well, because it would have been a sleazy use of taxpayer money to reward supporters – neither Bush or Matt and I would ever have contemplated such a thing, and if any one of us had, the other two would have smacked him down. No problem for our Democrats though…