Taxes

The media love Warren Buffett and CNN's "American Morning" was no exception on May 20. Buffett's interviewer, CNN's Becky Anderson, absolutely gushed over him. "[S]o a fascinating guy, great to meet. And he makes it all seem so simple," Anderson said to "American Morning" fill-in host Kyra Phillips, who concurred and noted Buffett's political affiliation. "Oh, he's so down to earth," Phillips…

Just when you thought every possible gas price angle had been explored by the media, they found another fresh angle - gas prices are forcing cutbacks within the Louisville, Ky. municipal government, including swimming pools that little girls will be deprived of. "When we arrived in Louisville [Ky.], we headed straight for the Breslin Park pool," CBS correspondent Nancy Cordes said on the May…

How do you write an article about Uncle Sam's April financial results without telling readers how much money came in and went out -- especially if what came in was an all-time record? Yesterday and today, many journalists have shown us how. Two of them are Martin Crutsinger of the Associated Press and Michael M. Phillips of the Wall Street Journal. Crutsinger's AP report actually made it…

CNN’s Wolf Blitzer, during a much hyped interview of Barack Obama on Thursday’s "The Situation Room," tried to dismiss facts about the Illinois Senator’s as mere opinions. First, the CNN host made a prediction about the upcoming general election campaign: "You know they're going to paint you -- the McCain camp, Republicans -- as a classic tax and spend liberal Democrat, that you are going to…

How do you get a better air safety record? Try not crashing first. The New York Times reported that outside the United States the Federal Aviation Administration is considered a "role model" and "first-rate regulator," because it has the lowest accident rate in the world. The Times' viewed regulation rather than market based innovation as the solution to accident rates in foreign countries…

The debate over a gas tax holiday has caught the attention of all three presidential candidates as well as the media. Last night, CBS "Evening News" said 150 economists had signed a petition against the cut and quoted one saying "it isn't sound economic policy."But that list includes several prominent liberal economists, some who have also opposed the Bush tax cuts and pushed for a higher minimum…

Big bad oil company ExxonMobil is "on the defensive in the face of consumer ire and congressional indignation" as it raked in a "huge" first quarter profit, Washington Post's Steven Mufson informed readers of his front page May 2 article.Mufson later noted that "[d]espite Exxon's colossal profit, the company's stock fell yesterday." Mufson blamed investors "shift[ing] gears" to turn to other…

Two segments that aired on two days straight on CNN underscored the network’s alignment with those who stand against a gasoline tax holiday during the summer driving season. First, Carol Costello’s segment on Wednesday’s "Newsroom" program used last year’s bridge collapse in Minneapolis to advance the idea that "things like road construction and bridge repair" would suffer as a result of the lost…

As noted earlier today on Newsbusters by Matthew Balan, Michael Moore appeared on CNN's "Larry King Live" last evening. I caught a good portion of the "interview" (if King's constant agreement and sucking up qualify as an interview) and one little segment in particular got my attention. The subject was taxes:MOORE: You were asking me a serious question. I'm sorry. Actually, you know what I would…

It might not the best solution in the world, but any tax break is certainly worthy of consideration - just not according to ABC's April 30 "World News with Charles Gibson." "The idea is to cut taxes and gas prices during in the summer vacation months, when demand is highest," ABC News correspondent David Wright said. "Great politics, but apparently terrible economics." ABC opposed the…

Hillary Clinton's tax policy on gas and oil is "pointless" while John McCain's is "evil," according to New York Times columnist Paul Krugman. But in explaining the difference, Krugman betrays either his ignorance of the flawed history of the so-called "windfall profits tax" on petroleum or his tacit approval of the tax despite its folly as public policy.From Krugman's April 29 Conscience of a…

Those of us, including myself, who thought that the supply-side boom in federal receipts had totally played out, as well as those who are concerned about the condition of the economy, have received a surprising bit of good news this month. Old Media, which doesn't seem interested in looking for, let alone finding, good news, is not reporting a very interesting development. With two business days…