McChesney and John Nichols, authors of the new book The Death and Life of American Journalism, have proposed a 4-part tax plan to raise money ($18-21 billion) for a massive $35 billion/year “public works” program for the press (with the remainder coming from other sources):[5] a 5% tax on consumer electronics (they estimate it would bring in $4 billion/year) a 3% tax on monthly ISP & cell phone bills (estimated $6 billion/year) a 2% sales tax on advertising… [read post]