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Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who served as the 47th vice president of the United States from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. A member of the Democratic Party, Biden is the presumptive Democratic nominee for president in the 2020 election. He unsuccessfully sought the Democratic presidential nomination in 1988 and in 2008.
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Build Back Better Act Includes Tax Credit For Employing Local News Journalists, Incentive For Producing Sound Recordings
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deadline.com
deadline.comThe latest version of the Build Back Better Act, one of the centerpieces of President Joe Biden’s economic and social agenda, includes a tax credit for local outlets for employing journalists.Lawmakers in the House and the Senate have introduced bills to try to boost struggling local newspapers and broadcast outlets.Under the text of the bill released Wednesday, per Punchbowl News, employers would get a credit against employment taxes for local news journalists.
It would provide a credit up to $25,000 to defray employment taxes in the first year, and $15,000 in the next four years, for each employee.
That would cover 50% of compensation up to $50,000 in the first year and 30% in the next four years.The language defines local news journalist
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