Good Morning America's Jon Karl on Thursday offered misleading, sloppy reporting on a congressional tax deal, bizarrely suggesting that the proposal "slashes" the estate tax. In a follow-up piece, news anchor Juju Chang asserted that many Democrats "are still opposed, especially to the estate tax cut."
In reality, the so-called death tax is currently at zero. Under the deal, it will increase to 35 percent. Karl mangled, "Even Democratic leaders are fuming, especially unhappy with the provision that slashes the tax on inheritances."
On the CBS Early Show, news anchor Jeff Glor spun, "One of [the Democrats'] major objections, that proposal to lower estate taxes." Again, an increase from zero to 35 percent is not "lowering." (If no action had been taken the rate would have returned to 55 percent for individuals worth more than $1 million.) This may be slowing the rate of increase and increasing the exemption rate, but it's hardly "slashing."