Typically journalists are reporting on tax credits for other industries. Should news organizations make a case for one of their own?
Yes, this might sound like it comes at a strange time, as trust in the media is waning. But I think that’s a good reason why: we need to incentivize and instill trust.
In the U.S. tax code (and others), there are straightforward deductions for anyone’s business expenses, including reporters, but I’m imagining something more. This could be a payroll tax credit, rather than any direct distribution, so this is an indirect subsidy of a public good, rather than a direct government intervention. A payroll tax credit would essentially subsidize a news organization’s investment in information gatherers, making them cheaper than other roles in the organization.
Continue reading Consider a tax credit for employed journalists