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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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beavis667 beavis667 8 years
Okay, hell is freezing over. Both Dave and I agree with Steph.
UnDave35 UnDave35 8 years
I agree with Steph. Well intentioned, but definitely in the wrong direction. If these newspapers can't find a way to stay afloat, then the world doesn't need to read what they have to offer.
hypnoticmix hypnoticmix 8 years
I'm not so crazy about this my self.
genesisrocks genesisrocks 8 years
I'm for it! Anything to save the papers
nancita nancita 8 years
This sounds promising. Actually I'm surprised no one thought of it before.
stephley stephley 8 years
Sounds like a well-intentioned step in the wrong direction.
SillyGirl SillyGirl 8 years
The Acts name sounds straight out of Atlas Shrugged
babaloo babaloo 8 years
A veiled newspaper bailout. Really? I don't think so. Not sure how fair it would be for small newspapers not to be taxed yet larger newspapers would still have bills due to the Uncle. Would that thwart competition? And who exactly would decide what is "educational". Is a comic educational? Maybe. Maybe not.
kscincotta kscincotta 8 years
I think this sounds like an interesting idea, but I'd need to know more about it before I could form an opinion. Glad to see that someone's thinking outside the box!
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