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Should we bailout newspapers next?
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I'm falling, save me!
Imagine that your business operated in an industry that is outdated, woefully inept, and incapable of revising its business model to correct the aforementioned deficiencies. Pretty scary and depressing, huh?
Wait, it gets worse, unless, of course you are the one running a business in this industry!
Senator Benjamin Cardin (Democrat-Maryland) has introduced a bill that would allow newspapers to choose tax-exempt status. Revenues would be tax free, and it would be their very own special bailout package.
Under tax-exempt status, newspapers would not be able to endorse candidates, but, they certainly would be able to continue to slant, and express their political views one way, or another.
Helping struggling businesses, especially small ones, is always noble, and worthy of consideration. My question is simple. Why didn't Senator Cardin fight this hard to save the steel, garment, or manufacturing industries, among others, here in the United States?
Is Senator Cardin really concerned about the future of the newspaper industry, or, preserving the favorable light that shines on certain politicians and groups? I offer the hypothesis, you decide.
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