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Senate Bill Would Allow Tax-Exempt Status for Newspapers
Editor and Publisher ^ | March 24, 2009 1:08 PM ET | Mark Fitzgerald

Posted on 03/24/2009 12:47:27 PM PDT by Red Steel

CHICAGO Newspapers perform a public service for democracy and should be allowed to operate as tax-exempt non-profits, U.S. Sen. Benjamin Cardin, D.-Md., proposed Tuesday.

Cardin introduced a bill that would explicitly include newspapers among organizations eligible for 501(c)(3) status. The non-profit status is the same that public radio and television have now.

The legislation would give a national green light for newspapers to adopt the so-called Low Profit Limited Liability Company business model, often shortened to L3C.

The L3C model, which the Newspaper Guild supports as an alternative newspaper ownership model, is the subject of a feature story in the current print issue of Editor & Publisher.

Under Cardin's legislation, newspaper revenue would be tax-exempt, and contributions to papers would be tax deductible. The status would also allow non-profits to invest in newspapers, something that is forbidden now.

Cardin said action is needed to help preserve local newspapers.

"We are losing our newspaper industry," Cardin said in a statement. "The economy has caused an immediate problem, but the business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy."

The Associated Press quoted him as saying on the Senate floor, "As local papers are closing, we're losing a valuable tradition in America -- critically important to our communities, critically important to our democracy."

Newspapers that accept non-profit status would not be allowed to endorse candidates, but they could cover political news just as they do now, Cardin said.


TOPICS: Breaking News; Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; US: Maryland
KEYWORDS: 111th; 2008electionbias; 501c3; 501c3taxcheats; achillwind; agenda; america2point0; bailout; benjamincardin; bigmedia; cardin; collusion; communism; communismkills; congress; corporatewelfare; corruption; cultureofcorruption; democratcongress; democrats; democratscandals; dncmediamachine; dnctalkingpoints; drivebymedia; economy; enemedia; fishwrap; goebbelswouldbeproud; houseorgan; ivorytower; l3c; lamestreammedia; liberalmedia; liberals; lping; maryland; msm; neomarxism; newspapers; nonprofits; obamedia; orwelliannightmare; pelosipapers; presstitutes; puppetmedia; senate; stalinisttactics; statemedia; taxdollarsatwork; taxexempt
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Hey why not since the New York Slimes et al perform beneficial propaganda for us Dems in Gooberment. Time to bailout and payoff.
1 posted on 03/24/2009 12:47:27 PM PDT by Red Steel
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To: Red Steel

Oh, what a tangled web we weave . . .


2 posted on 03/24/2009 12:49:18 PM PDT by Zuben Elgenubi
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To: Red Steel

Yeah, then the Government can legitimately say the Newspapers are all working for them! They are already doing it, now they will be able to talk about it in the open!

/sarc


3 posted on 03/24/2009 12:49:37 PM PDT by Danae (Amerikan Unity My Ass)
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To: Red Steel

Just combine them all and call it “Pravda USA”


4 posted on 03/24/2009 12:49:39 PM PDT by Robe (Rome did not create a great empire by talking, they did it by killing all those who opposed them)
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To: Red Steel

Obamaloon s**t! We pay taxes...THEY PAY TAXES.

The revolt is coming, dhimmis. Count on it.


5 posted on 03/24/2009 12:49:49 PM PDT by Da Coyote
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To: Red Steel
So they can throw their trash in my driveway at an even cheaper cost to them. I don't even pull the Galveston News out of the plastic bag, just strait to to the garbage can. On the good side though it gives my lab something to retrieve.
6 posted on 03/24/2009 12:50:50 PM PDT by dblshot
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To: Danae

That ain’t sarcasm, it is a fact.


7 posted on 03/24/2009 12:50:57 PM PDT by dforest
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To: Red Steel

Just when I think congress people can’t get any dumber, one of them proves me wrong.


8 posted on 03/24/2009 12:51:09 PM PDT by Graybeard58 (Selah)
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To: Red Steel

Newspapers are suffering through unprecedented LOSSES...not sure how making them tax-exempt helps keep them alive. lol


9 posted on 03/24/2009 12:51:16 PM PDT by Slapshot68
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To: Red Steel
Newspapers that accept non-profit status would not be allowed to endorse candidates, but they could cover political news just as they do now, Cardin said.

The punch line to this joke.

10 posted on 03/24/2009 12:51:45 PM PDT by facedown (Armed in the Heartland)
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To: Da Coyote

Government moving to control all newspapers? Sounds very very unconstitutional to me.


11 posted on 03/24/2009 12:51:58 PM PDT by Ev Reeman
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To: Red Steel; bamahead; MeekOneGOP

BTTT


12 posted on 03/24/2009 12:52:11 PM PDT by EdReform (The right of the people to keep and bear Arms shall not be infringed *NRA*JPFO*SAF*GOA*SAS*CCRKBA)
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To: Red Steel

There is one rule that they cannot announce any support of a political candidate - of course all the stories can.


13 posted on 03/24/2009 12:52:31 PM PDT by edcoil (Spring has sprung, the grass is riz'd, I wonder where the flowers is?)
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To: facedown

Life in OBAMANATION just gets curiouoser and curiouser...
as they said in Alice in Wonderland.....


14 posted on 03/24/2009 12:53:56 PM PDT by buffyt (~Obama needs to be drug tested, laughs at the failing economy~)
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To: Red Steel

Government could then threaten reviews of organizations 501(c)(3) status.


15 posted on 03/24/2009 12:54:02 PM PDT by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: Red Steel

well if NEWSPAPERS can endorse candidates and be nonprofit then ANY non profit should be equally unchained.


16 posted on 03/24/2009 12:54:40 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Red Steel

I’m no tax genius here, but if you’re losing money, you don’t pay taxes anyway. What good does tax exempt status do for them?


17 posted on 03/24/2009 12:54:42 PM PDT by Hardastarboard (The Fairness Doctrine isn't about "Fairness" - it's about Doctrine.)
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To: Red Steel
"We are losing our newspaper industry," Cardin said in a statement

And WE are losing our country.....What's more important, Senator!?!?!?!?

18 posted on 03/24/2009 12:55:27 PM PDT by Osage Orange (Our constitution protects aliens, drunks and U.S. Senators. -Will Rogers)
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To: edcoil

GOOD POINT!!!!!!!!!!!!!!


19 posted on 03/24/2009 12:55:40 PM PDT by buffyt (~ Obama needs to be drug tested, he laughs at the failing economy! ~)
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To: Hardastarboard

The Fairness Doctrine isn’t about “Fairness” - it’s about Doctrine - and indoctrination!


20 posted on 03/24/2009 12:56:15 PM PDT by buffyt (~ Obama needs to be drug tested, he laughs at the failing economy! ~)
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To: Red Steel
The non-profit status is the same that public radio and television have now.

Thereby solidifying CPB's position for all eternity.

Hey, we have a Nationalized banking system and will soon have a Government run automotive manufacturing industry...why not have Government run newspapers? They're all in the tank for the Left anyway and with elections corrupted beyond reason and the Census being diddled with and a permanent 51% majority voting block consisting of Welfare recipients, the Dems will be in power for ever.

We're done. Stick a fork in the USA. The oven timer just went off.

Start looking for good deals on houses in the Bahamas. This country ain't gonna be fit to live in anymore.

21 posted on 03/24/2009 12:56:30 PM PDT by Bloody Sam Roberts (Despite all my rage, I am still just a rat in a cage...)
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To: Red Steel

When does Rush Limbaugh become tax exempt? He’s done far more service to the country!


22 posted on 03/24/2009 12:57:15 PM PDT by cvq3842
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To: Ev Reeman

hmmm several posters have mockingly used “State Run Media” vs MSM.....ugh its all their fault


23 posted on 03/24/2009 12:57:24 PM PDT by boxerblues (Party like its 1773)
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To: Zuben Elgenubi

Newspapers should be heavily taxed for polluting the environment.


24 posted on 03/24/2009 12:58:03 PM PDT by pleikumud
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To: Red Steel

a joke. a very scary one.


25 posted on 03/24/2009 12:58:17 PM PDT by GOP Poet
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To: Red Steel

Wait... are they admitting that corporate taxes are an excessive burden that drives companies out of business?


26 posted on 03/24/2009 12:58:36 PM PDT by Zeddicus
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To: Red Steel

“We are losing our newspaper industry,” Cardin said in a statement...”

No. We are throwing it away because it’s written by traitors.... for traitors.

There is no longer news in newspapers.


27 posted on 03/24/2009 1:00:38 PM PDT by Gator113 (For America to Survive, Obama Must Fail..... Obama=Failure in Chief with the Audacity of Dope.....)
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To: Red Steel
Newspapers perform a public service for democracy and should be allowed to operate as tax-exempt non-profits, U.S. Sen. Benjamin Cardin, D.-Md., proposed Tuesday.

Rush Limbaugh's radio show has done more for democracy by giving some on the Right "equal time" to Big Media's Democrat controlled monopoly on "the news".

28 posted on 03/24/2009 1:01:04 PM PDT by a fool in paradise ("I certainly hope he (Bush) doesn’t succeed" - Democratic strategist James Carville 9-11-2001)
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To: Red Steel

We need to claw back their profits for the last 25 years.


29 posted on 03/24/2009 1:01:20 PM PDT by Doctor Raoul (New Obama Mantra, "Screw World Peace, I'll Buy You A Pony.")
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To: EdReform; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ...
Technically all businesses in the U.S. should operate tax free... BUT - this act is really nothing more than subsidizing a failed business model and a likely prelude for Gov't control over content. Next, they'll be bailing out the the RIAA.



Libertarian ping! Click here to get added or here to be removed or post a message here!
30 posted on 03/24/2009 1:01:32 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Robe

Isvestia would work if they make 2 for competition. It would also make the old joke work. There is no truth in Pravda, there is no news in Isvestia.


31 posted on 03/24/2009 1:01:47 PM PDT by zek157
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To: pleikumud
Newspapers should be heavily taxed for polluting the environment.

Certainly that ink can't be good for the vernal pools of water. And think of the trees that are destroyed just to produce one days worth of newspapers in this country.

No to mention the carbon output by the energy used to run the presses and the gasoline burned to distribute the newspapers to every home.

I think this is truly an enviromental disaster in the making. I am recommending that we eliminate or have a quota on newpaper reporters. They seem to be causing all of this evil polution by their very existance.

32 posted on 03/24/2009 1:02:32 PM PDT by w1andsodidwe (Jimmy Carter(the Godfather of Terror) allowed radical Islam to get a foothold in Iran.)
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To: Red Steel

I thought it was patriotic to pay your taxes, according to Uncle Joe Biden.

Then again, when have American newspapers been patriotic since FDR died?


33 posted on 03/24/2009 1:02:38 PM PDT by a fool in paradise ("I certainly hope he (Bush) doesn’t succeed" - Democratic strategist James Carville 9-11-2001)
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To: Red Steel

maybe we should also give tax exempt status to horse and buggies or companies that make rotary phones.


34 posted on 03/24/2009 1:03:01 PM PDT by ari-freedom ( Hail to the Dork!)
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To: Red Steel

Beware the media/political complex. /ike


35 posted on 03/24/2009 1:03:21 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Red Steel

Every website in the country should call themselves an online “newspaper.”


36 posted on 03/24/2009 1:03:22 PM PDT by Mojave (Don't blame me. I voted for McClintock.)
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To: Red Steel; All

As many Freepers pointed out, since newspapers are losing money, they are not paying corporate income taxes anyway. I guess the benefit to them of being “nonprofit” would be that “philanthropists” would get tax deductions for “donations” to the newspapers. I use quotes because buying a newspaper would be an inexpensive way to gain influence over politicians. I bet this explains why Mexican billionaire Carlos Slim has invested in the New York Times.


37 posted on 03/24/2009 1:04:15 PM PDT by reaganaut1
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To: Red Steel

Talk Radio too. Let Rush make money tax free! Exempt his Fla compound from real estate taxes. LOL


38 posted on 03/24/2009 1:04:23 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: Red Steel

Tax exemption doesn’t help if you don’t make a profit...


39 posted on 03/24/2009 1:05:01 PM PDT by expatpat
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To: reaganaut1

There’s real estate taxes to consider also.


40 posted on 03/24/2009 1:05:29 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: bamahead
Next, they'll be bailing out the the RIAA.

RIAA and BSA's Favorite Lawyers Taking Top Department of Justice Posts (Gizmodo Thu Feb 5 2009 Jesus Diaz)

Obama DOJ Sides With RIAA (slashdot.org March 22, 2009)

41 posted on 03/24/2009 1:05:44 PM PDT by a fool in paradise ("I certainly hope he (Bush) doesn’t succeed" - Democratic strategist James Carville 9-11-2001)
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To: Red Steel
CHICAGO Newspapers perform a public service for democracy

News papers these days serve as propaganda arms for the socialist/communist. They ought to be illegal rather than rewarded. But, being they're not, we should just let them die off by themselves for the sake of our Republic.

42 posted on 03/24/2009 1:05:50 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Slapshot68
...and contributions to papers would be tax deductible.

43 posted on 03/24/2009 1:05:56 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Red Steel

Newspapers should be taxed at 90 percent.


44 posted on 03/24/2009 1:06:17 PM PDT by FoxInSocks (B. Hussein Obama: Central Planning Czar)
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To: Red Steel

The insanity of the left wing lunatics.


45 posted on 03/24/2009 1:06:25 PM PDT by jveritas (God Bless our brave troops)
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To: a fool in paradise

Aww dang, you had to go and turn my sarcasm into reality...didn’t ya??!?!


46 posted on 03/24/2009 1:06:47 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: txhurl
Newspapers that accept non-profit status would not be allowed to endorse candidates, but they could cover political news just as they do now, . .

Yeah, I can see the Austin - Un American Ultra - Liberal Longhorn, Non - Statesman doing that. When hell freezes over.

47 posted on 03/24/2009 1:07:35 PM PDT by Arrowhead1952 (It took almost 250 years to make the USA great and 30 days for "The Failure" BO to tear it down.)
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To: Red Steel

gag


48 posted on 03/24/2009 1:07:41 PM PDT by bigbob
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To: bamahead

The Democrats own the media. And Hollywood owns the Democrats.


49 posted on 03/24/2009 1:08:39 PM PDT by a fool in paradise ("I certainly hope he (Bush) doesn’t succeed" - Democratic strategist James Carville 9-11-2001)
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To: Red Steel

If nonprofits are supposed to be politically neutral and not lobby does this mean the NYT would change there reporting?


50 posted on 03/24/2009 1:08:59 PM PDT by Raycpa
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