Missouri House seeks to fund scaled-back insurance program by ending ‘corporate welfare’ for newspapers

Last week, the Missouri House voted to cut a $28 million insurance pension fund for the blind, instead creating a scaled-back program that would be funded by money generated by cutting tax exemptions for newspapers, the Kansas City Star reported.

Budget Committee Chairman Ryan Silvey, a Kansas City Republican, said cutting the program would provide more funds for education, and later proposed ending the sales tax breaks newspapers enjoy on newsprint, ink, computers and other equipment. He says the bill – which hasn’t been approved, but is part of the Budget Committee’s spending recommendations – isn’t retaliation aimed at newspapers.

“The way I look at it, the newspaper industry has been very vocal about ending corporate welfare,” he said. “I thought they should be the first in line.”

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One comment

  1. Pingback: Missouri House OK’s bill ending newspaper tax breaks « MediaKC

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