It was dj vu on ABC News as World News Tonight
repeated
a February 24 New York Times attempt to discredit philanthropist
Boone Pickens. Reporter Brian Ross even used the same lawyer linked
to George Soros, the liberal billionaire who went head-to-head with
Pickens in the 2004 election.
These loopholes are legal but theyre also audacious, judged
anchor Elizabeth Vargas, introducing the April 11 story about
Pickens $165 million donation to his alma maters athletic
department. In the story that followed about the Oklahoma State
University gift, Ross called Pickens actions only apparently
legal.
Rosss story bashed Pickens for using a tax deduction Congress set
up to encourage Hurricane Katrina relief donations a deduction
even ABC had previously encouraged its viewers to use. Ross pointed
out that Congress never specified the contributions had to go to
Katrina relief in order to qualify. That didnt stop him from
sarcastically noting that none of Pickens $165 million went to
Katrina victims, unless they were golfers in Oklahoma.
But Pickens did contribute millions of dollars to Katrina relief a
fact that chief investigative correspondent Ross glaringly omitted
from his story.
In fact, Pickens gave the largest donation among top U.S.
philanthropists, according to the February 23 Chronicle of
Philanthropy. That list includes Bill Gates and George Soros, as
Maria Di Mento and Nicole Lewis reported. But Hurricane Katrina did
not prompt a huge outpouring of gifts from the nations biggest
donors. The biggest gift came from Mr. Pickens, who donated $7
million to the American Red Cross, mostly for Hurricane Katrina
relief.
Pickens giving wasnt the only omission in Rosss story. The
former IRS official ABC interviewed about the Katrina tax
deduction was Marcus Owens the same source who appeared
prominently in the Times story. Owens revealed in an interview with
the Business & Media Institute in early March that his firm has done work
for Soros.
Owens was asked follow-up questions after that Times piece appeared.
He became cautious when Soros name came up, saying his law firm
has done work for him in the past and Owens would prefer not to
say whether it was he personally who had done that work.
Soros funded ads attacking President George W. Bush, while Pickens
helped support the Swift Boat Veterans for Truth, the group that
questioned Democratic candidate John Kerrys war record. Neither the
Times nor ABC included Owens connection to Pickens rival Soros.
Pickens charitable giving in 2005 totaled
nearly $230 million, according to the Chronicle of Philanthropy. The
Chronicles Caroline Preston reported that Pickens has given to more
than 90 groups. The
Business & Media Institute was one organization that has been a recipient of Pickens
generosity.
Yet ABC,
like CNN before it,
criticized only wealthy taxpayers who took deductions. In February,
ABC had encouraged its viewers to take the Katrina tax deduction
even for donations that werent Katrina-related.
Just before The New York Times story ran in February, ABCs Good
Morning America was singing the praises of the Katrina tax
deduction. On the February 23 show, host Charles Gibson told viewers
preparing tax returns, But before you begin, there are some
important new changes in the tax code that you need to be aware of,
changes that could benefit you.
ABCs financial contributor, Mellody Hobson, then said
enthusiastically: Well, this is actually a terrific thing. After
Katrina, the government really wanted to spur contributions to help
the victims, so what they did was they said that 100 percent of any
contributions you made, regardless of it was Katrina-related or not,
would be tax-deductible. She added, Now, the one thing you have to
do in order to get that deduction is you need to itemize your
return.
ABC Recycles NY Times Story Slamming $165-Million Gift
April 3rd, 2006 2:00 PM
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