Detaxing big media?


The Center for American Progress Action Fund notes that plans by a John McCain administration to cut corporate taxes by 25%-35% would benefit big media. It says that GE (NBC) taxes would go down $25M; News Corp. (Fox) numbers would be $80; Viacom (CBS) would drop $190M; Time Warner (CNN) would drop $500M and Walt Disney (ABC) would drop $640M. The total tax benefit for the five companies would be $1.44B.