Tax break provisions are in legislative package
The latest draft of President Joe Biden’s Build Back Better legislative package includes help for local journalists.
Sen. Maria Cantwell (D-Wash.), chair of the Commerce Committee, said several of the provisions she wrote into the Local Journalism Sustainability Act made it into the package, which has yet to get a vote in the House. Those provisions would provide tax credits for broadcasters, online media and newspapers to incentivize them to hire and keep journalists. Cantwell said the incentives will help news outlets remain financially viable.