According to Reuters.com, Senator Benjamin Cardin introducted a bill in Washington today to allow newspaper companies to restructure as nonprofits with a variety of tax breaks. According to the article:
“Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
Advertising and subscription revenue would be tax exempt, and contributions to support news coverage or operations could be tax deductible.”
What are these people smoking? Newspapers would be prohibited from making political endorsements!!! The current media is biased toward liberalism, I understand that, but I do not want to see anyone’s free speech limited. I think churches should be able to make political endorsements! If any organization has a set of beliefs, values, or principles, they should be able to endorse the candidate that most closely resembles those beliefs, values or principles. This is not rocket science.
Anyway, the reason the newspapers are in trouble is that they have lost credibility. For example, most newspapers reported the hundred or so people driven around in ACORN-funded buses to AIG executives homes last weekend. How many of you heard about the six thousand people who gathered in Orlando, Florida, for a tea party protesting the governments current fiscal problems? If the newspapers did their job, people would buy them!