Biden’s $50,000-per-year journalist
tax credit estimated to cost taxpayers $1.6B
Washington Times,
by
Haris Alic
Original Article
Posted By: Ribicon,
11/5/2021 9:07:06 PM
The lucrative $50,000-per-year journalist tax break that Democrats have tucked within President Biden’s multitrillion-dollar social welfare bill is estimated to cost taxpayers more than $1.6 billion over the next decade. A new analysis of the legislation by the Joint Committee on Taxation, a special congressional panel made up of 10 senior lawmakers from both chambers of Congress, found that taxpayers would be on the hook for more than $1.6 billion if the tax credit becomes law. The credit would allow “local news” outlets to receive a quarterly tax credit, “equal to 50%” of a journalist’s wages up to a cap of $12,500-per-quarter.
Reply 1 - Posted by:
stablemoney 11/5/2021 9:11:57 PM (No. 968703)
We do not need any more orchestrated news reporting from local news outlets. We have citizens with cellphones who report more accurately and more interesting things.
16 people like this.
Reply 2 - Posted by:
Quigley 11/5/2021 9:19:45 PM (No. 968714)
The Gullibles don’t believe that this tax provision would affect the news coverage of the political parties. The Gullibles believe that the good party would get good coverage and the bad party would be exposed as bad.
9 people like this.
Reply 3 - Posted by:
wilarrbie 11/5/2021 9:49:31 PM (No. 968727)
Dems purchase their own PR machine with taxpayer money. What's not to like? Sure, you'll get a little whining to keep up appearances, but you'll never hear another un-pre-approved bad report about any of them ever again. Plus, Media will now 'sell harder' all their cockamamie schemes. Yep, once they set you a place at the buffet, you become addicted to the fare. Science, College Ed, Pharma, child care, etc., now (officially) Media/Journalism. They'll fully accept working for the paycheck - not the story. And once you get addicted to the fare, one must 'perform' in order to keep getting it. It's like Hotel California. Once you check in, you can never leave.
14 people like this.
I identify as a journalist! I post on FB and Twitter on a regular basis. Does that mean I get a $50K per year tax credit? If so, I’m buying property in the Key West and retiring…
12 people like this.
Reply 5 - Posted by:
paral04 11/5/2021 9:56:28 PM (No. 968731)
Would someone please justify why journalists should get a tax break over the Military, EMR. and Firemen to name a few more useful and honest professions?
23 people like this.
Reply 6 - Posted by:
Strike3 11/5/2021 10:01:51 PM (No. 968737)
The obvious question is, why are they buying journalists when they already own them? This is like a bonus for being loyal leftists.
24 people like this.
Reply 7 - Posted by:
Geoman 11/5/2021 10:21:57 PM (No. 968752)
Consider the fact that the Biden BBB package will cost taxpayers one thousand seven hundred billion dollars and $1.6B is just a small fraction of the total democrat welfare bill.
3 people like this.
Reply 8 - Posted by:
judy 11/5/2021 10:24:45 PM (No. 968754)
The Virginia election proved Big $$ & journalists do not win elections.....
1 person likes this.
Reply 9 - Posted by:
Nimby 11/5/2021 10:40:54 PM (No. 968763)
Pay back for the sewer rats!!!
0 people like this.
Reply 10 - Posted by:
Scribelus 11/5/2021 10:41:04 PM (No. 968764)
B. R. I. B. E.!
In plain sight, without fear of unfavorable press.
8 people like this.
Reply 11 - Posted by:
mc squared 11/5/2021 10:42:48 PM (No. 968769)
A new day – a new expensive perk for Biden’s friends and an insult to taxpayers.
8 people like this.
Reply 12 - Posted by:
seal010101 11/5/2021 10:46:35 PM (No. 968774)
Remember, journalists, don't bite the hand that feeds you.
3 people like this.
Reply 13 - Posted by:
Birddog 11/5/2021 11:33:26 PM (No. 968796)
Sooo...they are offering a right up front "Payoff" to continue to preach the Party Line from the public Pulpits of Propaganda.
"Be a JOURNALIST, Double Pay if you Report OUR way!"
3 people like this.
I guess all my employees are now journalists. Well publish something.
1 person likes this.
Reply 15 - Posted by:
24tea@Mag 11/6/2021 12:46:33 AM (No. 968822)
This dunce is a joke and a waste.
0 people like this.
Reply 16 - Posted by:
DVC 11/6/2021 1:18:00 AM (No. 968833)
The government bribes journalists to stay part of the official crooked propaganda media spewing government lies.
4 people like this.
Reply 17 - Posted by:
Trigger2 11/6/2021 3:19:59 AM (No. 968870)
That's Joey's and the demonrats reward for covering up everything.
3 people like this.
Reply 18 - Posted by:
Rinktum 11/6/2021 5:16:44 AM (No. 968888)
There is no shame in the democrat party. They are openly paying for good coverage and we all know it. We have lost control of this country and I am afraid that regaining it is going to take a sacrifice so big that many will not want to go there. When the government does the unthinkable, and now we know exactly that they are more than capable of it, no one is going to report it. Biden and his cabal have just bought what they need, silence in the face of some very bad things this vile putrid administration has planned. Strap yourselves in, you haven’t seen anything yet. There is no limit as to what these depraved people have in mind for us. Look at the lengths they have already gone it and deny they have the will. You cannot. When you have no conscience and zero moral values, anything you can do you can justify. Republicans literally just snatched defeat from the jaws of victory.
8 people like this.
Reply 19 - Posted by:
Venturer 11/6/2021 7:27:06 AM (No. 968939)
The media put Biden in office, it's only fair that he pay them off.
3 people like this.
Reply 20 - Posted by:
lakerman1 11/6/2021 9:02:26 AM (No. 969038)
The Job Training and Partnership Act, a 1980s program pushed through by Dead Ted Kennedy, allows an employer to be paid by the federal government for hiring ex felons.
if the local news people hire ex felons, the JTPA, combined with this new provision, can employ reporters at no cost.
(If any of you people are fans of The Office, you may recall how a mystery check showed up[ at Dunder Mifflin's Scranton office, and it turned out to be payment from the feds for a black employee, who was an ex felon. And Michael scott complained, saying he wished the ex felon was white.
In the end, the black employee could not tolerate Michael Scott's management style, and quit.
0 people like this.
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The federal government takes money from the people it hates and gives it to propagandists who in turn convince the gullible 90% that the nation deserves to be destroyed, and we call it tax policy. Years ago we laughed at Pravda; who's laughing now that the Russians freed themselves from the communist yoke now worn by the USA?