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To say I am skeptical of this measure ever becoming law is an understatement. While Congress is free to subsidize or incentivize broadcasting and broadcasters, the First Amendment of the U.S. Constitution, as interpreted in several key decisions by the Supreme Court, specifically bars the government from seeking to promote or control the press.

This attempted promotion or control includes any taxes or tax credits penalizing or incentivizing journals based on their news content, affecting the employment or compensation of journalists, or seeking to penalize or incentivize advertising with the objective of discouraging or promoting any or all newspapers. As described by famed journalist Carl Schurz,it is the obligation of the press to publish, "without fear or favor and in the interests of the whole people."

From: Bipartisan Legislation Reintroduced in House; Provides Three Tax Credits to Help Newspapers Sustain Financial Viability

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