From the Seattle Times:
OLYMPIA, Wash. — Gov. Chris Gregoire has approved a tax break for the
state's troubled newspaper industry.
The new law gives newspaper printers and publishers a 40 percent cut in
the state's main business tax. The discounted rate mirrors breaks given in years
past to the Boeing Co. and the timber industry.
Newspapers across the country have resorted to layoffs and other
cost-cutting moves to deal with a wounded business model and a recession-fueled
drop in advertising.
1 comment:
excellent point.
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