Media barons, including hedge funds that control most of the US newspaper industry, love link taxes -- extorting money from Big Tech. Sadly, lawmakers are in bed with the barons.
If you care about news, real news, it's exactly the wrong approach, as @doctorow is explaining in a series starting here: https://pluralistic.net/2023/05/18/stealing-money-not-content/#beyond-link-taxes
pluralistic.netPluralistic: How to save the news from Big Tech (18 May 2023) – Pluralistic: Daily links from Cory Doctorow