Taxes

The Big Three networks' Friday evening newscasts finally noticed the latest development in the IRS scandal (they omitted it on Thursday), after Rep. Paul Ryan grilled Commissioner John Koskinen earlier in the day. ABC's David Muir spotlighted "the outrage...involving the IRS claiming to have lost thousands of crucial documents – lawmakers asking, how can the tax man be let off the hook for…

Democrats control the White House and Senate and won a clear majority of the vote in 2012 House elections, but American Prospect co-editor Robert Kuttner thinks that Republicans might be even less popular if Dems weren’t so shy about advocating economic policies markedly to the left of the ones they now support. In a Monday post, Kuttner argued that only the rich have benefited from thirty-…

On Wednesday, June 17 Bloomberg reported that Bill and Hillary Clinton are taking advantage of financial planning strategies to avoid paying a hefty estate tax, even though the Clintons are prominent supports of the tax.  Despite the report, ABC, CBS, and NBC have all ignored the story on both their morning and evening newscasts. According to Bloomberg: “The Clintons are using financial…

Last Friday, the Internal Revenue Service announced that it had lost approximately two years of emails from former employee Lois Lerner.  Despite the damning new revelations in the IRS scandal, ABC and NBC have failed to cover the story as of Monday June 16, and only CBS This Morning reported on the emails on Monday but their evening news program ignoring the IRS alongside ABC's World News…

BELFAST, Northern Ireland -- In the 1970s, while working as a low-paid cub reporter in Houston, Texas, I always looked forward to the annual Christmas catalogs from Neiman-Marcus and Sakowitz, a local luxury department store. Both contained outrageously expensive things that only the super-rich could afford -- his and hers Thunderbirds stick in my memory. My wife and I couldn't wait to thumb…

French economist Thomas Piketty’s far-left views on wealth and income inequality are beloved ... at least by the liberal media. So it was no surprise that all three broadcast networks skipped criticism of “errors” in his work over the weekend. Some print media outlets also ignored that story. When his book “Capital in the Twenty-First Century” rose to the top of Amazon’s best-seller list the…

Don't you love it when a liberal concedes your point, then claims that your criticism merely proves what he was saying to begin with? O-kay ... An example of this occurred on Thom Hartmann's radio show last week when he responded to a NewsBusters post that questioned whether he benefited from President Ronald Reagan cutting the capital gains tax in 1981. (Audio after the jump)

French economist Thomas Piketty has become a darling of the left for allegedly "proving" that, as paraphrased by Chris Giles at the Financial Times, "wealth inequalities are heading back up to levels last seen before the first world war." The Media Research Center's Julia Seymour has described Piketty as a "'rock star' of the far-left," an accurate assessment given praises heaped upon his book…

Sure looks like it, based on what the liberal radio host recently told his listeners. Anyone listening to Thom Hartmann won't have to wait long for him to blame the malevolent political monster known as Ronald Wilson Reagan for nearly every pathology to befoul America in the last three decades -- which makes it all the more odd that Hartmann appears to have benefited considerably from Reagan'…

The Associated Press's unbylined 2:25 p.m. report on the government's April Monthly Treasury Statement contained an unhealthy dose of the historical revisionism we've come to expect from the outfit which really should be called in the Administration's Press. AP's tallest tale is in ascribing the four annual deficits of over $1 trillion incurred from fiscal 2009 through 2012 entirely to the "…

"Millions of Americans could face new state taxes on their Internet access this fall, as Congress struggles with how to extend an expiring moratorium on such levies," the Wall Street Journal's John McKinnon reported in the May 6 paper, noting that the federal moratorium in the Internet Tax Freedom Act expires on November 1, 2014 and has, thus far seen Congress taking "few concrete steps to re-…

Claiming that the District of Columbia's ObamaCare exchange is just too darn small in size to pay for itself, Mayor Vince Gray (D) is proposing the city council "approve legislation granting the District's exchange board broad new power to tax any health-related insurance product sold in the city -- regardless of whether it's offered on the exchange," Washington Post staffer Aaron Davis…

While his New York Times columnist colleague Maureen Dowd made liberals nervous with some pungent punches at the Clintons (their "opprobrium and well-known taste for vengeance") in her Sunday Review piece, Thomas Friedman's "It's Not Just About Obama" was surely soothing, as he rose in "partial defense" of Obama's passive foreign policy, saying that the enemy is us and our collective failure to…

At the Associated Press, aka the Administration's Press, Martin Crutsinger has pretty much proven that he's been on some kind of workout regimen. If he wasn't, he couldn't possibly have carried so much Obama administration water in his 1:45 p.m. report on the state of the economy (saved here for future reference, fair use and discussion purposes) as he did. Crutsinger's message: Pay no…