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Biden Bill Would Give Local News Outlets ‘Shot In The Arm’

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FILE - Journalists gather outside the White House in Washington on Nov. 4, 2020. President Joe Biden’s $1.85 trillion social spending bill includes a provision that, if it becomes law, would mark the first time the federal government has offered targeted support to local news organizations. The help comes in the form of a payroll tax credit for companies that employ eligible local journalists. (AP Photo/Evan Vucci, File)

(AP) — President Joe Biden’s $1.85 trillion social spending bill includes a provision that, if it becomes law, would mark the first time the federal government has offered targeted support to local news organizations. The help would come in the form of a payroll tax credit for companies that employ eligible local journalists. The measure would allow newspaper, digital news outlets and radio and TV stations to claim a tax credit of $25,000 the first year and $15,000 the next four years for up to 1,500 journalists. It’s a response to growing alarm that the elimination of newsroom jobs is leaving communities without access to critical information.

 

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