Don’t hold your breath waiting for the New York Times to praise the tax plan, or to give President Trump credit. For anything.
Via Daily Caller.
The parent company of The New York Times saw its income tax bill fall by more than 50 percent in the first quarter of 2018 compared to in 2017, “primarily” due to the Trump administration’s tax plan.
The boon comes despite The Times’ efforts in 2017 to derail tax reform legislation, which President Donald Trump signed into law on Dec. 22.
The Times’ published an editorial on Nov. 28 calling on the Senate to vote against the plan. The company also infamously lobbied heavily against the bill on Twitter….
The New York Times Company said on Thursday that its income tax bill was cut in half, from $10.7 million in the first quarter of 2017 to $5.3 million in the first quarter of this year….
To be fair (and I mean it for a change), although of course a factor is how a law affects oneself, but the vital question is how it affects the organism as a whole. The thing that’s been scaring me for the last generation is the absolute refusal of the nation, or of either party, or the people as individuals, to live within their means. We pile up the debt and give away goodies to cronies. I appreciate that Trump seems to appreciate this problem, and we’ll have to see how the tax cuts play out. But at this point, we all know the budget situation is bad, thanks to a “compromise” in which everybody got their binge of goodies. Anyway, we know the NYTimes stinks, but I can’t necessarily fault them for objecting to legislation that happened to benefit them.