Monday, October 18, 2021

Money for journalism in $3.5 trillion federal spending bill

Money for local journalism is in the $3.5 trillion federal spending bill under consideration by Congress, Poynter reports

Lawmakers have keyed in on part of the proposed Local Journalism Sustainability Act — a payroll tax credit for journalists employed by local papers, digital-only sites or broadcast outlets.

The government would subsidize half of salaries up to $50,000 the first year and 30% for four following years, says Poynter.

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