$1.4 Billion In McCain Tax Cuts For ‘Mainstream Media’ | WHAT REALLY HAPPENED


$1.4 Billion In McCain Tax Cuts For ‘Mainstream Media’

The multinational corporations that run the mainstream media — GE (NBC), Time Warner (CNN), Walt Disney (ABC), News Corporation (FOX), and Viacom (CBS) — stand to benefit hugely under a McCain presidency. The centerpiece of Sen. McCain’s economic plan — actually, the whole plan — is large tax cuts for corporations. It would deliver $1.44 billion in tax cuts to the five largest media companies, according to an analysis by the Center for American Progress Action Fund.

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