Skip to content
Home
>
News
>
The Hill – Obama open to...

The Hill – Obama open to newspaper bailout bill

By: Magnolia Tribune - September 21, 2009

The Hill – Obama open to newspaper bailout bill

The president said he is “happy to look at” bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.

“I haven’t seen detailed proposals yet, but I’ll be happy to look at them,” Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.

Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called “Newspaper Revitalization Act,” that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin’s Maryland colleague Sen. Barbara Mikulski (D).

The Hill
9/21/9
hattip Drudge

About the Author(s)
author profile image

Magnolia Tribune

This article was produced by Magnolia Tribune staff.
Next Story