Can Journalism Be Saved? A Tax Credit System for Creative Work

The latest round of layoffs at Buzzfeed, the Huffington Post, and other major news outlets has raised new questions about the future of the traditional model of advertising supported journalism. While a small number of news outlets, like the New York Times, continue to thrive, few others seem to be profitable in the current environment.

This raises the prospect of a future in which there will be ever fewer reporters to keep the public informed and to scrutinize the actions of public officials...