Taxes

Just posted this morning over at MRC.org, our latest edition of Notable Quotables, a bi-weekly compilation of the latest outrageous, sometimes humorous, quotes in the liberal media. Topics this week include: CBS's Bob Schieffer absurdly suggesting Republicans could face a landslide defeat this year, "very much like 1964," while Katie Couric frets (again) how "moderate Republicans are becoming an…

CBS's Bob Schieffer on Sunday bashed the White House for how it responded to House Minority Leader John Boehner's (R-Oh.) tax cut comment uttered on "Face the Nation" a week ago.As readers are likely aware, Boehner made news - if not friends amongst conservatives! - by telling Schieffer that if the only thing that came out of the House was an extension of the Bush tax cuts for all but folks that…

For almost ten years, the Bush tax cuts have been depicted by media as only helping rich people.Now, with them set to expire, and a Democrat in the White House desperately needing a stronger economy to help him and his Party's political fortunes, the Associated Press is telling readers the truth with the following headline:Expiring Tax Cuts Hit Taxpayers at Every Level  If you think that's…

Newsweek veteran Evan Thomas, who announced a few weeks ago his intention to leave the financially-failing magazine and teach journalism at Princeton, issued a ringing call – in defense of federal spending – for why he hopes Congress and President Obama cannot agree on extending any of the Bush tax cuts, so income tax rates rise next year:God knows the federal government desperately needs that…

Isn’t it odd after the passage of TARP, the stimulus and ObamaCare that left-wing politicians and their cheerleaders in the mainstream media are suddenly worried about budget deficits? As opposed to reining in deficit spending, the new public policy stance for the Democratic Party going into the 2010 midterm election is to call for a tax hike on the top-income earners by letting the Bush tax…

While acknowledging bad news for Democrats in the latest CBS News/New York Times poll on Thursday's CBS Early Show, White House correspondent Bill Plante worked to find a silver lining: "But when it comes to who's at fault for the rotten economy there's a disconnect. 37% say the Bush administration is most to blame. Only 5% blame the Obama administration." Following Plante's report, fill-in co-…

The largest tax hikes in history get closer every day, and the focus of the news cycle is finally on taxes. Tax cuts, that is. After portraying Obama as a tax cutter when he took office, journalists have recently been talking about the Bush tax cuts, whose expiration will amount to a huge tax increase on Americans. But most stories have failed to explain that the pending expiration will…

The night after a Tea Party candidate in Delaware stunned the GOP establishment, the CBS Evening News blamed voter “anger,” tried to marginalize Christine O'Donnell as an “ultra-conservative,” relayed the contention of establishment Republicans that Tea Party wins will lead to a re-run of the GOP's 1964 debacle, and highlighted how more Americans blame George W. Bush over President Barack Obama…

In general, there are two major sides to the tax cut debate. One believes that Americans are entitled to keep what they earn, but that they cede some money to the government with the understanding that funding is necessary to enable the state to safeguard citizens' rights - the state's most fundamental function.The opposing side holds, in short, that Americans are entitled to their wealth only to…

CNN's Ali Velshi leaned against extending the Bush tax cuts during a commentary on Tuesday's Newsroom, warning that it "may not be a brilliant idea," and spouted the liberal talking point that tax cuts are a costly matter. Velshi also misleadingly stated that "we have not seen a huge surge in spending."The anchor devoted his regular "XYZ" segment at the end of the 2 pm Eastern hour to the tax…

Interviewing White House senior adviser Valerie Jarrett yesterday, The View's liberal co-hosts repelled Elisabeth Hasslebeck's tough questions on President Obama's failed economic agenda by changing the subject and ignoring their conservative colleague's criticism.Refuting the claim that the economy is "certainly moving in the right direction" despite dismal unemployment numbers, Hasselbeck asked…

If a RINO is a Republican In Name Only, let's coin a new acronym for David Brooks: RINYTO: Republican In New York Times Only.  For only in the Gray Lady's bailiwick could Brooks be considered much of a Republican.Take his current column in the Times.  Brooks warns Republicans on the verge of regaining power that it would be nothing short of a "tragedy" if they were to oppose . . . more government…

New York Times reporter Robert Pear ought to consider moonlighting as a stand-up comic in the tradition of Steven Wright. Wright's deadpan delivery is legendary. Pear's deadpan lines in his article about the immense paperwork burden heading the economy's way in the form of requiring IRS 1099 forms to be issued to each and every person paid $600 or more during the course of a calendar year for…

As NewsBusters has previously reported, liberal Internet publisher Arianna Huffington is breathtakingly ignorant when it comes to basic economic theory.On Sunday, she proved it again by making an absolute fool of herself on ABC's "This Week." With the "Roundtable" segment beginning on the subject of the economy, Huffington noted how the failure of the banking bailout to stimulate growth was "…