Outrageous. FOX news knowingly lied about the 2020 election; settled with Dominion voting machine company for $787.5M; now claims the settlement as a tax write-off.
David Sirota @davidsirota
19 Apr 2023
🚨NEWS: Fox News says it can claim a tax write-off for its defamation settlement with Dominion. The deduction would lower the company’s tax rate, effectively forcing taxpayers to provide up to a $200 million subsidy to the company for its election lies. levernews.com/fox-can-claim-…

Apr 20, 2023 · 3:42 PM UTC

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Replying to @marwilliamson
Ummm, predictable and unsurprising. President material huh?
Replying to @marwilliamson
Yes, business expenses are deductible per the tax code. Plenty of ESG bs is deducted too. Change the code if you don't like.
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Replying to @marwilliamson
No it is not a subsidy 🙄
Replying to @marwilliamson
if only we had a body of government creating these laws they had to follow🤔
Replying to @marwilliamson
Now do every corporate media company! 😳
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Replying to @marwilliamson
What Fox Did was awful. But congress wrote the tax code and the IRS wrote the regulations. Those allowed CNN to write off it's settlement with Sandman. I didn't hear complaints then. I like many of your stances. Stick to the important stuff.
Replying to @marwilliamson
agreed
Replying to @marwilliamson
More outrageous. You - a woman - are refusing to call out @joebiden for blocking the ERA & denying 167 million #Women basic legal equality.
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Replying to @marwilliamson
You've got to love tax code written by multi-millionaires, usually with generational wealth... 🤦🤦🤦
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Replying to @marwilliamson
The American Way
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