Washington offers tax break to newspapers
Posted by Emily Dilling on July 3, 2009 at 6:09 AM
A law passed this week in Washington state will grant a 40 percent tax break to newspapers Editor & Publisher reported.
House Majority Leader Lynn Kessler, who sponsored the law, said the measure was the government's "way of saying to the newspapers that we do believe you're incredibly important to our state and our democracy."
The tax cut will cost the state an estimated $1.3 million in what is generally considered a symbolic gesture to help aid the newspaper industry. "It's not a bailout, because it's not enough money" Kessler said, echoing Gov. Chris Gregoire's statement that, "I don't want government to be part of the reason that this industry can't make it."
House Majority Leader Lynn Kessler, who sponsored the law, said the measure was the government's "way of saying to the newspapers that we do believe you're incredibly important to our state and our democracy."
The tax cut will cost the state an estimated $1.3 million in what is generally considered a symbolic gesture to help aid the newspaper industry. "It's not a bailout, because it's not enough money" Kessler said, echoing Gov. Chris Gregoire's statement that, "I don't want government to be part of the reason that this industry can't make it."
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