A big individual income tax hike is being pushed by Democratic Rep. Charlie Rangel, chairman of the House Ways & Means Committee, but New York Times economics reporter Edmund Andrews failed to capture the import in a slanted front-page business section story Thursday.

The Times manages not to spell out precisely where Rangel's tax-hike proposal would begin to bite on "the wealthy."

"The House's leading Democratic tax writer will propose a sweeping overhaul of the tax code on Thursday that would increase taxes on many people with incomes above $200,000 but cut them for most others.

"The bill, to be introduced by Representative Charles B. Rangel of New York, chairman of the Ways and Means Committee, would also overhaul corporate taxes by eliminating many major tax breaks and lowering overall tax rates.