Taxes

A search at the Associated Press's national website on Warren Buffett's last name at about 5 p.m. ET returned two recent items which are still present there. Each item (here and here) mentions the Obama Fan of Omaha's idea to "impose a minimum tax of 30 percent on income between $1 million and $10 million, and a 35 percent rate for income above that." Neither mentions the pathetically small…

NewsBusters publisher Brent Bozell appeared on the November 28 edition of CNBC's Kudlow Report, in his capacity as chairman of For America. Kudlow brought the Media Research Center founder on to discuss the fiscal cliff and the need for Republicans to stand firm on opposing tax hikes, especially in light of the liberal media's tag-teaming with Democrats. "I can't hardly pick up a newspaper or…

New York Times White House reporter Jackie Calmes celebrated President George H.W. Bush's 1990 budget deal "achievement" in her "Debt Reckoning" column Thursday, part of a new feature on the debate over the "fiscal cliff": "Looking for Lessons In the 1990 Budget Deal." The deal was blasted by conservatives as a disaster which failed to close the deficit as promised, because the proposed…

On Thursday's CBS This Morning, new White House correspondent and former Fox News journalist Major Garrett bucked the "militantly non-partisan" label he gave himself over a year ago when he hyped the President's supposed populist stand in the fiscal cliff negotiations with top leaders in Congress: "President Obama is adamant about protecting existing income tax rates for middle-income earners…

Once again, CNN pressed a Republican to support income tax hikes. On Thursday, Starting Point co-hosts Brooke Baldwin and John Berman tried to paint GOP opposition to tax increases as at odds with the American people and a financial expert. "So here is one of the biggest guys in finance on the planet saying that maybe a tax rate increase should be part of a deal. Does he have a point? Can't…

Remember when a person had to actually betray our country before he or she would be labeled a traitor? Now all it takes is steadfast aversion to higher taxes during an era of nosebleed government spending and debt. (video clip after page break)

In an interview with CBS News anchor Scott Pelley last week, Goldman Sachs chairman and CEO Lloyd Blankfein immediately brought up a highly sensitive subject that liberals in the media and highest levels of government refuse to acknowledge: entitlement spending on Social Security, Medicare, and Medicaid are unsustainable at their current rate and need significant reform to ensure those programs…

On Tuesday, Piers Morgan lashed out at "intransigent" Republicans and lectured RNC chair Reince Priebus that now is the time to compromise and increase taxes "to the benefit of the American national interest." "But you Republicans led by Grover Norquist are absolutely intransigent about allowing any raise in taxation, and yet the American public want you to do it," Morgan lectured Priebus.…

It’s the Republicans who are in a bind.  They’re beholden to the will of the evil genius Grover Norquist.  They’re scared to death of The Club for Growth. That's the trite liberal media narrative that CBSNews.com's  Brian Montopoli furthered earlier this morning in a piece in which he forecast that the Republicans, and only Republicans, are in for a bruising in the coming weeks should a "fiscal…

As the media push Republicans to raise taxes, anti-tax advocate Grover Norquist has been taking a pounding. This may have reached a high point Tuesday when MSNBC's Chris Matthews and former Senator Alan Simpson (R-WY.) actually joked about Norquist drowning (video follows with transcript and commentary):

For quite a while now, there has been a media focus (ironic considering the TV reporters and anchors are mostly 1 percenters) on an allegedly growing gap between the wealthiest Americans and those of more modest means. Unfortunately, this is only a partial picture since income is much more predicated on stock market growth and not related to many other facets of the economy. Writing at the…

The conventional wisdom has emerged that in order to avoid the so-called “fiscal cliff,” politicians in Washington must agree to some method of tax increases (“revenue”) – which will be real, even if low taxes are not the cause of our ills -- alongside some kind of promise of spending restraint on entitlement programs, which is our problem, and which no one believes Washington will restrain.…

CNN kept pushing for Republicans to abandon Grover Norquist and his anti-tax hike pledge on Monday evening. Piers Morgan belittled Norquist and ostracized him from the debate over tax hikes. "Why are you so concerned about protecting the vast wealth of America's small percentage of increasingly rich people? Why do you care?" Morgan pressed Norquist, adding, "Everyone laughing at you from…

Throughout the liberal media's ceaseless coverage of the impending fiscal cliff debacle, they have fixated on hiking taxes on the "rich," even though doing so would come nowhere close to solving America's fiscal woes. Whatever short term gain in revenue from tax hikes will not last the federal government for very long, and another credit downgrade is inevitable if entitlement reform continues…