In Case You Were Having Trouble...
WASHINGTON (Reuters) - With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
The former executives of the country's vinyl LP and 8-track tape manufacturing companies were unavailable for comment.
A [Senator Benjamin] Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin's Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Putting newspapers on the government teat.
What could POSSIBLY go wrong???
And, just so we're clear.
I hope Baraoke Obama Fails.
I hope Nancy Pelosi fails.
I hope Harry Reid fails.
I hope the Party Formerly Known as the Democrat Party fails.
I hope Senator Cardin
If they're all allowed to succeed, it's gonna get messy.