Sunday, April 28, 2024

Welfare State

Welfare for journalism students:
According to Axios, the budget bill creates $30 million a year in tax credits by allowing eligible news outlets to receive a refundable tax credit against 50 percent of the first $50,000 of a journalist's salary. The state designated $13 million for outlets with more than 100 employees and $13 million for outlets with less than 100 employees, and no outlet will be able to receive more than $300,000 in credits. In response to the tax credits, Newsmax host Tom Basile wrote in the Washington Times, "Corporate welfare won’t change that dynamic." He added, "What it will do is advance the death of journalistic independence at the hands of left-wing Democrats who seek to control the public discourse at every turn."
Real free speech doesn't come from the state...

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