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Newspaper Revitalization Act: Tax Breaks, No Endorsements

The Newspaper Revitalization Act would classify newspapers as nonprofits with educational purposes. That sounds about right — papers seem incapable of being profitable, but they do report a bunch of educational information. The bill could be what papers need to survive.

If the act passes, the nonprofit status would tax exempt advertising and subscription revenue. Participating newspapers would still report any type of news, but they couldn't run political endorsements.

So far the bill's sponsor, Senator Benjamin Cardin, hasn't found any cosponsors. Would you like to see your representative get on board?


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