The Aporia
California Governor Gavin Newsom signed Assembly Bill 2222, which establishes tax incentives for news organizations in the state. Under this law, eligible entities can receive a $20,000 tax credit for each of their first five journalists, $15,000 for additional hires beyond that number, and $7,500 for part-time employees. Supporters argue that these credits will assist struggling newsrooms in surviving financially. However, Newsom acknowledged concerns about potential misuse by wealthy owners or hedge funds owning media companies, which might not need financial assistance. The program lacks a spending cap, raising worries it could lead to significant costs for taxpayers without clear benefits.
Oliver, C. (2026, October 13). Brickbat: Paying the Piper. Reason. https://reason.com/2026/10/13/brickbat-paying-the-piper/
Oliver, Charles. “Brickbat: Paying the Piper.” Reason, 13 Oct. 2026, https://reason.com/2026/10/13/brickbat-paying-the-piper/.
Oliver, Charles. “Brickbat: Paying the Piper.” Reason, October 13, 2026. https://reason.com/2026/10/13/brickbat-paying-the-piper/.
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