Taxes

ABC News continued to hype the Democratic position on the fiscal cliff, Sunday. World News Reporter David Kerley touted the White House as "confident with the stronger hand in talks with House Republicans, demanding and believing tax rates for the wealthy are going up."

The reporter did play a clip of Boehner rejecting tax increases, but Kerley made sure to point out the Speaker "hasn't outlined possible cuts." In one of multiple clips of  Tim Geithner, the Treasury Secretary lectured, "They have to come to us and tell us what they think they need. What we can't do is to keep guessing. "

Appearing on Monday's MSNBC Morning Joe, NBC chief White House correspondent Chuck Todd shared some inside information: "So I threw the Lincoln analogy at a close aide to the President last week, and he said, 'You know, with this Republican – with the way politics of Washington are today, there'd still be slavery.' That Lincoln wouldn't have been able to navigate the polarization..." [Listen to the audio or watch the video after the jump]

Rather than dismiss such a nasty partisan attack, Todd observed: "It was an interesting and depressing observation from this very smart White House aide."

On today's Morning Joe, asked by substitute host Willie Geist how much of the tough talk by Republicans and Dems over the fiscal cliff was posturing, former RNC Chairman Michael Steele said that 80% was posturing, then added "a lot of it is, let's see how big yours is versus mine."

Steele was careful to suggest he was simply talking about the size of the two parties' respective . . . plans.  But between the smirks, raised eyebrows—and an immediate intervention from Geist—it seemed obvious that Steele was making a macho allusion to something else. View the video after the jump.

In a colorful demonstration of the Washington press corps’ disdain for Grover Norquist and his anti-tax pledge, on Sunday’s This Week, a flustered ABC News/NPR veteran Cokie Roberts blurted out: “It’s...politically smart to cut the knees out from under Grover Norquist. I mean this guy is, you know, who is he? He’s an unelected lobbyist.”

She soon urged that “a certain amount of saying ‘the emperor has no clothes’” about Norquist is helpful. “To say that, I think is very useful.”

"A massive tax increase, no entitlement reform, and no restraint on borrowing," is what President Obama is demanding Republicans sign off on, Fox Business Network's Stuart Varney noted on Friday's Varney & Co. That's precisely why the Democratic plan is not in any way a serious plan, NewsBusters publisher Brent Bozell agreed. The only thing is the media absolutely refuse to paint the president as intransigent and bullheaded for his opposition to spending cuts, much less entitlement reform.

Over the past two years we've heard ad nauseam that we need spending cuts and tax hikes as a "balanced" approach to the budget. But now, the Media Research Center founder noted, "we've got the Senate saying that the one problem, entitlements, is now off the table" while the "White House [is] saying we don't have any plans to cut anything." "In other words, there is no plan, that should be the story," Bozell added, not this phony meme that Republican opposition to tax hikes is to blame for a stalemate. [watch the full segment below]

CNN's Ali Velshi labeled anti-tax advocate Grover Norquist a "dangerous man" on Friday for blocking a fiscal cliff compromise between Democrats and Republicans.

"Hey, speaking of the fiscal cliff, there's been all this focus on one dangerous man who stands in the way of a deal that could avert it, Grover Norquist. He is neither elected, nor has he ever run for office, so why is Washington so scared of him?" Velshi introduced his segment on Norquist. [Video below the break. Audio here.]

A search at the Associated Press's national website on Warren Buffett's last name at about 5 p.m. ET returned two recent items which are still present there. Each item (here and here) mentions the Obama Fan of Omaha's idea to "impose a minimum tax of 30 percent on income between $1 million and $10 million, and a 35 percent rate for income above that." Neither mentions the pathetically small amount such a tax would raise while seriously impacting the ability of high income earners who own or run businesses to expand them -- or in some cases causing them to shrink.

It's the same at other establishment press outlets. Two recent New York Times items found in a search on Buffett's full name (here and here, the latter item being Buffett's own op-ed on Sunday) fail to note how little money Buffett's proposed tax hikes would raise. So how little is "little"?

NewsBusters publisher Brent Bozell appeared on the November 28 edition of CNBC's Kudlow Report, in his capacity as chairman of For America.

Kudlow brought the Media Research Center founder on to discuss the fiscal cliff and the need for Republicans to stand firm on opposing tax hikes, especially in light of the liberal media's tag-teaming with Democrats. "I can't hardly pick up a newspaper or website and not see anybody blaming [anti-tax-hike activist] Grover [Norquist]," Kudlow observed. You can watch that full segment below the page break. You can also find a transcript courtesy of Media Research Center intern Ryan Robertson below ( MP3 audio here):

New York Times White House reporter Jackie Calmes celebrated President George H.W. Bush's 1990 budget deal "achievement" in her "Debt Reckoning" column Thursday, part of a new feature on the debate over the "fiscal cliff": "Looking for Lessons In the 1990 Budget Deal." The deal was blasted by conservatives as a disaster which failed to close the deficit as promised, because the proposed spending cuts never came, while income tax rates dutifully rose.

Calmes, who almost always takes the Democrats side in budget disputes, even took sides in her descriptions, calling former Democratic House Speaker Tom Foley "genial" while pronouncing former Republican White House chief of staff John Sununu "pugnacious."

On Thursday's CBS This Morning, new White House correspondent and former Fox News journalist Major Garrett bucked the "militantly non-partisan" label he gave himself over a year ago when he hyped the President's supposed populist stand in the fiscal cliff negotiations with top leaders in Congress: "President Obama is adamant about protecting existing income tax rates for middle-income earners and raising them on the wealthy."

Garrett later spotlighted how Obama "warned Republicans not to ignore his calls to protect middle-income households from higher taxes."

Once again, CNN pressed a Republican to support income tax hikes. On Thursday, Starting Point co-hosts Brooke Baldwin and John Berman tried to paint GOP opposition to tax increases as at odds with the American people and a financial expert.

"So here is one of the biggest guys in finance on the planet saying that maybe a tax rate increase should be part of a deal. Does he have a point? Can't it be part of a deal?" pushed Berman. He cited the CEO of Goldman Sachs, Lloyd Blankfein, who said he "wouldn't preclude" the President's plan to raise tax rates. [Video below the break. Audio here.]

Remember when a person had to actually betray our country before he or she would be labeled a traitor?

Now all it takes is steadfast aversion to higher taxes during an era of nosebleed government spending and debt. (video clip after page break)

In an interview with CBS News anchor Scott Pelley last week, Goldman Sachs chairman and CEO Lloyd Blankfein immediately brought up a highly sensitive subject that liberals in the media and highest levels of government refuse to acknowledge: entitlement spending on Social Security, Medicare, and Medicaid are unsustainable at their current rate and need significant reform to ensure those programs exist in the future.

In response to the clip, MSNBC host Ed Schultz and Teamsters President James Hoffa were beside themselves on Tuesday night's Ed Show -- offended that Blankfein would voice such a "misinformed" view on national television. The only son of the notorious Jimmy Hoffa was ardently opposed to the idea that there is anything currently wrong with the system as is, to suggest otherwise is just "outrageous" he thundered. [ relevant video & transcript below ]

On Tuesday, Piers Morgan lashed out at "intransigent" Republicans and lectured RNC chair Reince Priebus that now is the time to compromise and increase taxes "to the benefit of the American national interest."

"But you Republicans led by Grover Norquist are absolutely intransigent about allowing any raise in taxation, and yet the American public want you to do it," Morgan lectured Priebus. Later on in his show, he smacked "implacable" GOP opposition to tax increases.  [Video below the break. Audio here.]

It’s the Republicans who are in a bind.  They’re beholden to the will of the evil genius Grover Norquist.  They’re scared to death of The Club for Growth. That's the trite liberal media narrative that CBSNews.com's  Brian Montopoli furthered earlier this morning in a piece in which he forecast that the Republicans, and only Republicans, are in for a bruising in the coming weeks should a "fiscal cliff" deal not be finalized. But in doing so, Montopoli conveniently forgets that Democrats have their pressure groups that hold their feet to the fire against any significant spending cuts and/or entitlement reform.

Perhaps Montopoli doesn't watch his own network's evening newscasts. On the Tuesday Evening News, correspondent Nancy Cordes noted that Democrats and President Obama are digging in their heels against any proposed deal which addresses entitlement spending.  In fact, forty-two Democratic members of the House have signed on to a bill that explicitly prohibits cuts to the welfare state.

As the media push Republicans to raise taxes, anti-tax advocate Grover Norquist has been taking a pounding.

This may have reached a high point Tuesday when MSNBC's Chris Matthews and former Senator Alan Simpson (R-WY.) actually joked about Norquist drowning (video follows with transcript and commentary):

For quite a while now, there has been a media focus (ironic considering the TV reporters and anchors are mostly 1 percenters) on an allegedly growing gap between the wealthiest Americans and those of more modest means. Unfortunately, this is only a partial picture since income is much more predicated on stock market growth and not related to many other facets of the economy.

Writing at the American Enterprise Institute, blogger James Pethokoukis highlights a very interesting report about tax laws and income distribution which shows that when looked at the broader context, it is incorrect to suppose that U.S. tax policy has somehow created a vast disparity of wealth in this country. Two charts from his post are worth reposting here at NB:

The conventional wisdom has emerged that in order to avoid the so-called “fiscal cliff,” politicians in Washington must agree to some method of tax increases (“revenue”) – which will be real, even if low taxes are not the cause of our ills -- alongside some kind of promise of spending restraint on entitlement programs, which is our problem, and which no one believes Washington will restrain.

The American left and our “objective” journalists – same thing, I know –  are not helping the nation balance its budget. As usual, these partisan hacks are obsessed with tearing the Republican coalition apart, limb from limb. By empowering the GOP moderates, they drive the conservatives into exile. These liberals are dishonest, but not dumb. They have no intention of honoring a pledge to curtail wasteful spending. What they want is GOP civil war. 

CNN kept pushing for Republicans to abandon Grover Norquist and his anti-tax hike pledge on Monday evening. Piers Morgan belittled Norquist and ostracized him from the debate over tax hikes.

"Why are you so concerned about protecting the vast wealth of America's small percentage of increasingly rich people? Why do you care?" Morgan pressed Norquist, adding, "Everyone laughing at you from afar." [Video below the break. Audio here.]

Throughout the liberal media's ceaseless coverage of the impending fiscal cliff debacle, they have fixated on hiking taxes on the "rich," even though doing so would come nowhere close to solving America's fiscal woes. Whatever short term gain in revenue from tax hikes will not last the federal government for very long, and another credit downgrade is inevitable if entitlement reform continues to be ignored.

Nowhere is this 'tax the rich' and 'fair share' obsession more blatant than on MSNBC, where the Obama administration's message is amplified on a daily basis. Take Tuesday's Jansing & Co for instance. Host Chris Jansing set up Huffington Post contributor Ryan Grim to advise President Obama and Democrats on the Hill, which amounted to him reiterating that going over the fiscal cliff may not be such a bad thing after all. Democrats can appear to be the tax cutters as a result, by reinstating the Bush tax cuts on all but the top income earners. [ video below, MP3 audio here ]

Anti-tax activist Grover Norquist has suddenly become liberal Public Enemy #1 as the media pressures Republicans to accede to rising taxes. Frank Bruni devoted one of his excessively personal New York Times columns Tuesday to demonizing Norquist: "Is Grover Finally Over?" The text box: "Pledges are for purists, who have no place in a democracy." Is that how the paper feels about regulatory activists like Ralph Nader?

Norquist is evidently guilty of once regaling Bruni ("on a long train ride") with the case for Mitt Romney choosing the governor of Puerto Rico, Luis Fortuño, as his vice presidential nominee. Bruni used the tale to accuse Norquist of not being a serious policymaker.

In an interview with Berkshire Hathaway CEO Warren Buffett on Tuesday's NBC Today, co-host Matt Lauer was puzzled by GOP opposition to the billionaire investor's call for higher taxes: "One of the ideas being pushed out there by the Right is that if you raise taxes on the wealthy it will have a chilling effect on hiring and investment in this country....Why do you think Republicans are clinging so tightly to that idea?" Buffett replied: "Well, I think they're worried about primaries next time, but I think you're seeing people peel away from that." [Listen to the audio or watch the video after the jump]

Earlier in the discussion, Lauer wondered: "...you favor a minimum tax rate for the wealthy....Do you see the political will in Washington right now to accomplish that and come up with a compromise?" Buffett replied: "I think there's a general feeling among the American public certainly, and even among many in Congress, that the rich like me have been getting away with low tax rates, and that it's time to make the tax rates more progressive."

For the second time in less than 24 hours, ABC's Jon Karl on Tuesday hyped a "newfound willingness" by Republicans to compromise on raising taxes and a possible abandonment of "anti-tax enforcer" Grover Norquist. [See video below. MP3 audio here.]

Yet, this didn't appear enough for Karl who lamented that "even Republicans who say they are willing to violate the pledge say they will only do so by closing loopholes, not by doing what the President wants to do, which is raising tax rates." Talking to Norquist on Good Morning America, the journalist quizzed the founder of Americans for Tax Reform on pledges his organization encourages politicians to sign: "If somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it?"

Billionaire Warren Buffett said Monday that there should be a minimum tax on the wealthy.

Appearing on CNN's Piers Morgan Tonight, low tax advocate Grover Norquist responded, "If he wants to write a check, he should write a check and shut up about what everybody else should do" (video follows with transcript and commentary):

ABC anchor Diane Sawyer and correspondent Jonathan Karl on Monday night salivated over Republicans breaking Grover Norquist’s anti-tax pledge. “We did see a sign the paralysis may be ending,” Sawyer relayed over “Tax Revolt?” on screen, touting “a Republican mutiny against a man who had convinced them to take a pledge.” She soon trumpeted the “new sign of flexibility.”

As if that’s a bad thing, Jonathan Karl fretted “the pledge is the biggest obstacle to any deal that would raise taxes.” But he saw hope ahead in how “with a budget crisis on the horizon and a re-elected President insisting on tax increases, some Republicans are now thinking the unthinkable: Ditching the pledge.”

After smiling on Republicans who stepped away from Grover Norquist's no-tax hike pledge, CNN pressured the GOP House Majority Whip to raise income tax rates on Monday's The Situation Room.

Anchor Wolf Blitzer suggested a tax hike on those making over $250,000 a year, noting "those families and those small businesses did quite well during the years of the Clinton administration when the rate was 39.6. Why not go back to that?"  [Video below the break. Audio here.]

On the November 25 broadcast of ABC's This Week, former Bush advisor Matthew Dowd continued his shift away from the Republican Party by bashing conservative anti-tax activist Grover Norquist, saying he’s a impediment to good government. For good measure he childishly drew the connection to the name of a Muppet character on Sesame Street.

"Grover Norquist is an impediment to good governing…and the only good thing about Grover Norquist is he’s named after a character from Sesame Street…and that’s the last I hope we hear of him,” according to Dowd.  It’s sad that some on the Right feel that fighting for the American taxpayer is “an impediment to good governing.”

Charlie Rose and Norah O'Donnell sung from the same liberal sheet music on Monday's CBS This Morning as they tried to get Republican Senator Bob Corker to commit to higher federal taxes. Rose wondered if the Corker was "prepared, as others are doing, to...say, I'm going to forgo the [anti-tax hike] pledge because it is outdated and the country's problems are too big." O'Donnell asked the Tennessee politician if he was "willing to also raise the capital gains rate."

O'Donnell also cited "independent analysis" by the Tax Policy Center, but omitted that it is a project of two liberal organizations - the Urban Institute and the Brookings Institution.