Wednesday, May 13, 2009

Wash. State Newspapers Get Sweetheart Tax Break

The Seattle Times reports - - -

Gov. Chris Gregoire has approved a tax break for the state's troubled newspaper industry.

The new law gives newspaper printers and publishers a 40 percent cut in the state's main business tax. The discounted rate mirrors breaks given in years past to the Boeing Co. and the timber industry.

Newspapers across the country have resorted to layoffs and other cost-cutting moves to deal with a wounded business model and a recession-fueled drop in advertising.

The Seattle Post-Intelligencer printed its final edition earlier this year and was converted to an Internet-only publication with a much-reduced staff.


Yes, Gov. Gregoire’s a Dem.

I wonder how the liberal-leftist, Gregoire-supporting P-I will square this tax break with its decades-long policy of railing against tax breaks for oil companies and other corporations.

Easy prediction: Washington State's tax break is an early sign of things to come in other sates and from the Obama administration as well.

The Dems will want to prop-up MSM newspapers, most of which support the Dems loudly on their editorial pages and shamelessly in their news columns.

Hat tips: Mike Williams and Matt Drudge


Ken said...

Unsatisfied by PBS and NPR, the Democratic machine will subsidize the lapdog media as first step to direct control. The press freedom clause of the first amendment is on its way to join the speech and religion clauses as historical curiosities in Obama's America.