Wednesday, March 25, 2009

Sen Cardin Propose Nonprofit Status for Failing Newspaper Industry

Senator proposes nonprofit status for newspapers; The Associated Press

A Maryland senator is proposing that newspapers be allowed to operate as nonprofits. A bill by Sen. Benjamin Cardin, D-Md., would let newspapers choose a tax-exempt status similar to public broadcasting stations.

The Maryland senator said Tuesday that papers opting for this choice would not be allowed to make political endorsements. However, they would be free to report on all issues, including political campaigns.

Advertising and subscription revenue would be tax-exempt and contributions to support coverage could be tax deductible.

Comment: Who does this guy think he is fooling? tax exempt status for newspapers. Hey Mr. Cardin why don't you step up and just remove the 1st Amendment from the Bill of Rights; wouldn't that be easier?

Cardin, 1 of 100 reasons the 17th Amendment needs to be repealed!

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