One Big Thing: Do you support the Local Journalism Sustainability Act of 2021?
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The Local Journalism Sustainability Act of 2021 is a bipartisan bill in support of local newsrooms across the country. The bill has a three-tiered approach which addresses local news outlets, small businesses who advertise or provide sponsorships for local news, and subscribers of these newsrooms:
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For local news organizations, the bill would provide a payroll tax credit which would creating an incentive to retain journalists.
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For small business sponsors, the bill would provide a tax credit to business who work with local newspapers, websites, radio or TV
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For subscribers, it would provide individual tax credits to help subsidize individual readers’ subscriptions to local news outlets.
Here are more details on how the bill works, the actual legislative language, and a dive into the weeds of what the bill’s components would do.
