Taxes

Shocking media honesty alert!!!Here's something you don't see every day: a major American press outlet speaking ill of a campaign proposal from presumptive Democrat presidential nominee Barack Obama.Yet, there it was moments ago in an Associated Press piece amazingly titled "Obama's 'No income Taxes On Seniors' Draws Critics." Maybe even more surprising than the AP actually reporting critical…

If you believe that there's a 50-50 chance that your take-home pay will be cut by almost one-fifth beginning in as little as five months from now, would that belief affect your current spending habits? Of course it would. But that idea apparently never occurred to the Associated Press's Mark Jewell. In the course of a 950-word article Monday about how the rich are getting more stingy, he focused…

Washington Post business columnist Steven Pearlstein, who won the 2008 Pulitzer Prize for commentary, on Friday contended “it is not the protectionists of the AFL-CIO or CNN who are primarily to blame for the erosion of public support” for free trade, instead:The blame lies squarely with a business community that continues to support Republican politicians who refuse to raise the taxes and spend…

In the midst of a campaign in which conservatives fret John McCain is missing opportunities by staying to the left on too many issues, Chrystia Freeland, the U.S. Managing Editor of the Financial Times based in London, declared “extremely imprudent” the conservative desire for John McCain to make a commitment against raising taxes. On Tuesday's Hardball she saw the “hard right,” not politicians…

Following a segment on Monday’s CBS "Evening News," on Tuesday’s CBS "Early Show," correspondent Chip Reid again touted Obama economic advisor Warren Buffett calling for more taxes on the rich: "Barack Obama met with his team of economic advisers Monday...But there's one who couldn't make it and had to put in his two cents by phone...Warren Buffett, the richest man in the world. Despite his…

Missing a golden opportunity to correct a specious presumption of Barack Obama and his liberal supporters that the wealthy are under-taxed, CBS reporter Chip Reid on Monday night highlighted how “ending the Bush tax cuts for people making more than $250,000 a year and using the money for a tax cut for the middle class” is one of Obama's highest priorities and one supported by “Warren Buffett, the…

What's another $25 billion between taxpayers? Not much, according to the July 23 "CBS Evening News." The massive housing bailout bill, meant to prop up beleaguered government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and help homeowners refinance adjustable rate mortgages, was praised in a segment on the CBS broadcast. It passed in the House July 23 and won't face…

Democrats in Congress may not have acted on Sen. John McCain's proposal for a summer gas tax holiday, but that hasn't stopped the Democratic National Convention from getting tax-free gas courtesy of the citizens of the Mile High City, reports the Denver Post this morning.Filed as breaking news and published at 8:13 EDT on July 23, the Post's Allison Sherry has the scoop here. Below is an excerpt:…

Calling for tax cuts to stimulate the economy is just a call from the presidential election’s "silly season" and those who do (McCain) are "going to say anything to get elected" according to CNN financial analyst Gerri Willis. Appearing on July 21 edition of "The View,"Willis discussed many of the current economic troubles from high oil prices to the mortgage crisis. [audio available here]…

One of the favors the media routinely perform for liberal politicians is citing left-of-center think tanks as "non-partisan" entities, who just happen to have evidence proving the awfulness of conservative policies. A classic example occurred on the July 7 CBS Evening News, as reporter Chip Reid cited "the non-partisan Tax Policy Center" as showing how Barack Obama's "tax cuts" are superior to…

Remember the grief Dick Cheney received in late 2000, and then President Bush in early 2001, when they were accused of “talking down the economy”? We already know from history that the economy had already slipped into negative growth during the third quarter of 2000; so it's fair to say in hindsight that Cheney and Bush were actually observing reality. Specifically, Cheney's 2000 statement was…

The Associated Press's Jeannine Aversa "creatively" and selectively rounded figures presented in today's Monthly Treasury Statement from Uncle Sam. That Treasury report, released this afternoon, covered monthly and year-to-date receipts and spending in the federal government. By doing what she did, Aversa made sure we know that year-to-date receipts are down, but at the same time made Congress's…

A report on the economic policies of John McCain and Barack Obama by correspondent Chip Reid on Monday’s CBS "Evening News" suggested that Obama’s supposed middle class tax cut would be more beneficial for American families: "Obama's plan is to roll back the Bush tax cuts for the wealthy and use the savings for a middle-class tax cut...A recent study by the non-partisan Tax Policy Center says…