A study released Wednesday from accounting firm Ernst & Young, which estimated that the U.S. would lose 710,000 jobs if the Bush-era tax cuts on the highest income earners aren't renewed, apparently isn't newsworthy to CBS. The network's Tuesday evening and Wednesday morning newscasts omitted the study, which also predicted that the nation's already struggling economic output would decline another 1.3 percent.
By contrast, on the July 9, 2012 edition of CBS Evening News, White House correspondent Norah O'Donnell played up a supposed $850 billion "cost to taxpayers" over 10 years if the current tax rates are extended.
Yesterday afternoon, the Bloomberg financial news service picked up on a study by PricewaterhouseCoopers showing that U.S. companies pay the sixth highest effective corporate tax rates in the world.
"The tax rate for the largest U.S. companies between 2006 and 2009 was 27.7 percent, compared with a non-U.S. average of 19.5 percent, according to the study," reporter Richard Rubin noted. "Excluding the U.S., companies based in industrialized countries had an average rate of 22.6 percent."
But when the Washington Post picked up the story, it condensed the 15-paragraph Bloomberg story to a two-sentence squib on the Economy & Business page on A17 (see screencap of print edition PDF below):