The Local Journalism Sustainability Act (LJSA) was recently introduced to the House and has now been presented to the Senate – and will benefit everyone in this community! Unlike many problems in Washington, this legislation enjoys bipartisan support and aims to provide benefits to local communities across the United States by supporting local news organizations, including this newspaper.
Newspapers face significant tax challenges due to technological disruption, including Google and Facebook’s use of newspaper content without compensation. This legislation provides an important but temporary means of support to help newspapers in the necessary transition, and it deserves the support of representatives of Congress across the country. The bill encourages the behaviors necessary to facilitate business model changes. Please join your local newspaper to call on members of Congress to support this legislation.
The LJSA was designed to give newspapers a much needed boost. It is not a permanent document for local newspapers. Instead, it’s a well-thought-out approach to help support local news gathering efforts through a series of tax credits that expire in five years. And it will not only help newspapers, but also subscribers and local small businesses with tax credits that will directly benefit them.
Newspaper subscribers already understand the importance of their local newspaper and that their continued support is essential. Thanks to this legislation, subscribers will receive a tax credit of up to $ 250 per year. It’s a win-win solution for subscribers, as this tax credit will cover a significant portion of their annual newspaper subscription, whether print or digital.
For local businesses, the LJSA also has a direct benefit. When they use the efficient print and digital solutions of their local newspaper, they will be entitled to a tax credit of up to $ 5,000 for the first year and $ 2,500 per year for the next four years. Not only will this credit offset part of their advertising investment, but it will also help them improve their business by reaching more customers and generating more sales. It keeps the money invested locally and helps maintain jobs and support other local initiatives.
For local newspapers, the LJSA provides an indispensable bridge to continue the evolution towards a digital-based model. Temporary newspaper tax credits will be directly linked to maintaining healthy newsrooms and employing professional journalists committed to producing local news and information. Benefits will be local, not redirected to national media organizations, and provide local readers with continued access to the content most important to their lives.
However, for the LJSA to deliver these benefits to subscribers, local businesses and newspapers, it needs the support of members of the House and Senate. And the best way to do this is to hear directly from their constituents and supporters. To support the future of local newspapers, reach out to your representatives and encourage them to support the Local Journalism Sustainability Act and, in turn, support the communities they serve. There is a benefit for everyone.
On behalf of its more than 1,500 associate member newspapers and companies, America’s Newspapers is committed to explaining, defending and advancing the vital role of newspapers in democracy and civic life. We focus on educating the public about all the ways newspapers contribute to building community identity and the success of local businesses. Learn more: www.journaux.org