Taxpayers Will Foot The Bill For Fox News' $787 Million Defamation Settlement

How exactly are "Taxpayers footing the bill" because the remainder of the settlement is taken as a business deduction? Were the hundred of millions of dollars that CNN, NBC, and the Washington Post paid to Nicolas Sandmann "footed by the taxpayer"?

This smacks of the prevalent attitude by some that "I'm entitled to everything you have because I don't have it". It's not an "obscure line in the tax code" .. it's something that every business from all over the spectrum do. If you don't like it, don't talk like an idiot in a video acting like it's some arcane loophole found by someone you don't like, and get Congress to change the tax code.

I've got news for you - you'll have stiff bi-partisan resistance because as I said, this isn't something the left or the right take advantage of exclusively.

https://www.jdsupra.com/legalnews/is-your-lawsuit-tax-deductible-how-to-76611/

Taxpayers won't be footing the bill. Corporations like this can handle settlements under current tax law. They are worth well over the meager settlement, and yeah it will hurt their bottom line but it definitely won't really cause any lasting damage to the highest viewed channel on the air right now.
Liberals will cry over this, thinking they could bankrupt (cancel) Fox News, but life will go on and people will still watch the channel for opinion shows, because nobody is watching the competition at all.

Good afternoon LTC Eugene Chu. Excellent post. Thank You for sharing this.