Taxes

Concluding a report on proposed soda taxes across the country on Monday's CBS Evening News, correspondent Michelle Miller gleefully proclaimed how such a tax would help fight obesity and fill local government coffers: "New York's mayor estimates a tax would raise a billion dollars, suggesting what's good for the waistline could be good for the bottom line."Miller began the segment by touting: "…

Imagine the audacity of wanting to dispose of your own money as you see fit? The idea is hateful to Bill Scher of the Huffington Post, who demanded in "Super Wealthy Deathly Afraid Estate Tax Would Reduce Deficit" on March 9 that the wealthy "pay their fair share." Scher railed against the Bush tax cuts, and asserted that a 35-45 percent inheritance penalty (the estate tax or death tax) isn't…

The Washington Post must dislike tax cuts even more than it likes President Barack Obama. On March 6, staff writer Lori Montgomery warned that the national debt would climb by $9.7 trillion under Obama’s budget.Relying on the Congressional Budget Office (CBO) for data, Montgomery reported that the debt would be "higher than White House forecast" but not because of spending increases by Obama.…

It's been proven time and again in over two hundred years of recorded American history, but some people still don't get it - the government is not the most efficient spender of money. On CNBC's March 4 "Squawk Box," in the midst of reporting jobless claims and productivity data, the network's senior economics reporter Steve Liesman offered the suggestion that since some banks were increasing…

You'd think the money man behind an array of left wing organizations wouldn't need CNN to get out his message about the death and "bankruptcy" of free-market capitalism, but there was left-wing billionaire and financier George Soros on "GPS" Feb.18 Interviewed by Fareed Zakaria, Soros said he disagreed with President Obama's decision to bail out the banks. Soros would have nationalized them.…

On Monday's CBS Early Show, White House correspondent Bill Plante reported on the possibility of Democrats using reconciliation to pass a health care reform bill and noted how Republicans used the procedure when they were in the majority: "In the past it has helped the majority party push through some controversial legislation. In 2001, Republicans used it to pass a giant $1.3 trillion tax cut."…

Fareed Zakaria used his CNN program Sunday to campaign for a national sales tax.This came just two weeks after he absurdly accused the tax cuts implemented by George W. Bush of being the biggest cause of today's budget deficit. Zakaria began the most recent installment of "GPS" by first discussing how great a country America is, but "we have big problems.""[T]he biggest one, by far, the one to…

All this week CNN has been taking a look at “Broken Government” and in some cases the cable channel deviated from the mainstream media norm by providing a critical view of government.That was the case on Feb. 23 when Wolf Blitzer and Lisa Sylvester scrutinized lavish pension-plan and retirement-packages for government officials during “The Situation Room.” “Many Americans will spend half a…

It's been almost three weeks since Sarah Palin addressed the Tea Party convention.  More than two weeks since Andrea Mitchell did her taunting little imitation of Palin's hand notes.  But there was Norah O'Donnell today, still milking the moment to mock Palin.O'Donnell worked her hand-note reference into a discussion on today's Morning Joe of Scott Brown's vote for the "jobs bill."  Later, on a…

Poor Barack Obama.  Hasn't put a foot wrong.  Policies just fine.  It's just that he's been dealt the cruel fate of . . . being President of the United States.That was the essence of what Jonathan Capehart, WaPo editorialist, whistled past the liberal graveyard on Morning Joe today.  Confronted with the prez's crumbling poll numbers [by 52-44 margin people don't think PBO deserves to be re-…

On a low-attention Sunday, the Associated Press's Tom Raum put together a pretty good analysis ("US debt will keep growing even with recovery"), though not labeled as such, of the serious financial situation the country faces thanks to the mushrooming national debt. But the AP writer ignored two critical warnings raised in a related item he filed over a year ago on Wednesday, January 7, 2009 ("…

CNN's Fareed Zakaria on Sunday demonstrated just how ignorant most media members are of how the federal budget works.During the most recent installment of "Fareed Zakaria GPS," the host actually said, "[T]he Bush tax cuts are the single largest part of the black hole that is the federal budget deficit."Before we examine the staggering stupidity on display here, let's first look at exactly what…

On Thursday's Morning Joe on MSNBC, CNBC's Maria Bartiromo appeared as a guest and recounted some of President Obama's anti-business, anti-wealthy stands as she informed host Joe Scarborough and the panel why some see Obama as anti-business despite his support of bailouts on Wall Street. Responding to Scarborough's declaration that "there has been a redistribution of wealth since Barack Obama has…