http://fourpointreport.disqus.com/enTue, 07 Apr 2009 04:17:20 -0000http://fourpointreport.com/blog/?p=666#comment-7932554<p>I think you're misinterpreting what the Cardin bill would do. It wouldn't provide any funding for papers, just allow them to gain the tax benefits of being a non-profit. Endorsing political candidates would be out, as it is for any 501(c)3 but that is pretty much the only major restriction on what they could say. What it would do is make them tax exempt organizations. They wouldn't have to pay any taxes and donations to the paper by individuals would be tax deductible.</p><p>There are lots of organizations out there that are set up as 501(c)3s. For example almost all churches are tax exempt under 501(c)3. Also, organizations like the Center for American Progress and Heritage Foundation, which do a lot of public policy work and are integral to our political process are 501(c)3s. </p>JeremyTue, 07 Apr 2009 04:17:20 -0000