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Dem Bill Gives Special Tax Handout to Media Companies

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Dem Bill Gives Special Tax Handout to Media Companies

Source: ATR

The reconciliation bill working its way through the U.S. House calls on the American taxpayer to subsidize Democrats’ media allies. The bill provides a special tax cut for the media under the guise of helping “local journalists” but eligible media companies will receive the funds for up to 1,500 reporters per company.

This provision would provide a refundable payroll tax credit equal to 50 percent of wages up to $12,500 per quarter per employee for the first four calendar quarters and a 30 percent credit for each calendar quarter thereafter.

On page 1,957 of the 2000+page bill, section 138516 would create a tax credit for news organizations, including newspapers and broadcasters such as radio and television:

“The number of local news journalists which may be taken into account under subsection (a) with respect to any eligible local news journalist employer for any calendar quarter shall not exceed 1,500.”

The Poynter Institute today bragged that the tax handout would benefit “broadcasters, public and commercial” in addition to newspapers.

It appears that both NPR and PBS will be eligible to receive this special tax handout. The bill specifically mentions that the credit is not to be applied to “the Government of the United States, the government of any State or political subdivision thereof, or any agency or instrumentality of any of the foregoing”; however there is an exception for public broadcasting entities as defined in the Communication Act of 1934. These public broadcasting entities are defined as:

“the Corporation, any licensee or permittee of a public broadcast station, or any nonprofit institution engaged primarily in the production, acquisition, distribution, or dissemination of educational and cultural television or radio programs.”

The progressive group ProPublica, which is trafficking in the stolen personal IRS files of thousands of Americans seems to be eligible as well. The bill disqualifies 501(c) (4) groups but allows 501(c)(3) groups such as ProPublica — to be eligible.

Perhaps not coincidentally, while congressional Democrats push for tax increases, ProPublica publishes stolen private tax information and laments the “lavish lifestyles” of disfavored, “rich” Americans.

The bill also appears to be a big-media power play against small, one-person local outfits.  The bill specifically excludes journalists who do not have “media liability insurance.” This could be a cost barrier for many individuals seeking to truly cover local events in their community.

Several large, legacy daily newspapers, tv and radio broadcasting companies also appear eligible for the tax handout. Any newspaper eligible to receive these funds now needs to disclose this fact while editorializing in favor the Democrats’ reconciliation bill.

Politics

Lincoln Project Scheme To Support Trump In 2024

Lincoln Project’s desire for Trump to run again leaves observers disgusted, surprised: ‘Utterly desperate’

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Lincoln Project Scheme To Support Trump In 2024

The Lincoln Project is, on the surface, vehemently against Donald Trump ever becoming president of the United States again. The left-wing PAC founded by disgruntled ex-Republicans has called him a coward, a loser, an authoritarian, a clear and present danger to national security, and responsible for the deaths of hundreds of thousands of Americans.

So co-founder Rick Wilson’s expressed desire in a recent interview to see him be the Republican nominee in 2024 has some people befuddled, particularly with polls showing Trump with a solid chance of ousting President Biden in a rematch. Some see it as more of a scam from an organization that’s attracted some praise for its aggressive tactics but also derision from the right and left for allegedly abandoning conservative principles and soaking liberal donors. It’s still smarting from the embarrassing John Weaver sexual harassment scandal and its flop in the Virginia governor’s race where it attempted a viral smear to paint Glenn Youngkin supporters as White supremacists.

“It begs the question, why? What’s their motive? What’s their motivation? And I can understand why a lot of people would say it has to do with money,” one network insider and political commentator told Fox News Digital.

The Lincoln Project boasted to CNN about its ad airing this week in Trump’s town of Palm Beach, Florida, that’s meant to annoy him about the rising political star of Florida Gov. Ron DeSantis. DeSantis, a Republican, is allied with Trump but could be a potential rival 2024 contender.

“We want Trump to kill his own babies,” Wilson said. “We believe if we narrow the field and it’s only Trump in 2024, it’s an easy choice for Americans to say ‘no.'”

Former Lincoln Project executive director Sarah Lenti, who left the group this year, is disgusted by that stance.

She remains thoroughly opposed to Trump and joined the organization in 2020 because she believed he was dangerous, and she recalled the New York Times op-ed penned by co-founders Weaver, Wilson, Steve Schmidt and George Conway announcing the Lincoln Project’s formation.

“As Americans, we must stem the damage he and his followers are doing to the rule of law, the Constitution and the American character,” they wrote.

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