Senate Bill to Allow Tax Exempt Status to Newspapers?

A new bill introduced in the Senate by Ben Cardin and supported by all good Left-wing Democrats would make the newspaper business tax-exempt.

I wonder if they are going to consider giving Rupert Murdoch the same tax-exempt status. I suppose Rupert's businesses don't comply because they are all profitable. Unfortunately for other newspaper companies, they are not unprofitable by design - their business models simply failed because no one wants to read their garbage anymore.