Jack Shafer: Taxing Tech Companies for the Failure of the News Industry Is Unfair

From a Jack Shafer Fourth Estate column on politico.com headlined “Taxing Tech Companies for the Failure of the News Industry Is Just Unfair”:

If the most popular tax is the one levied only against the other guy — preferably a very rich other guy — Sen. Amy Klobuchar’s bill, Journalism Competition and Preservation Act, released Monday, comes close to perfection. The legislation isn’t actually a tax bill, but if enacted would ding the two top tech-media companies, Google and Facebook, for millions and perhaps billions of dollars a year that would go to the news industry.