Tax break for local journalism taken out of Democrats' bill - Entrepreneur Generations

The proposed tax break for paying local journalists is no longer in Democrats' "Build Back Better" bill pending in Congress, says lobbying group America’s Newspapers, which has been spearheading the effort with other leading news-media groups.

The Local Journalism Sustainability Act was removed "as the White House and Congress sought compromise language that would meet President Biden’s objectives and calls for a significantly reduced price tag, the group said. "While there is still an opportunity to get the LJSA back in the reconciliation bill, there are many competing interests and not enough money to go around."

America's Newspapers asked "members who are able to help with a last-minute push of the bill" to contact their members of Congress, "particularly if they are a Senate co-sponsor of the LJSA," and ask them to let Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi "know how important it is to include the LJSA in the reconciliation bill."

from The Rural Blog https://ift.tt/3wgWSVd Tax break for local journalism taken out of Democrats' bill - Entrepreneur Generations

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