Taxes

Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers. Sowell states that "no such theory has been found in even the most voluminous and learned histories of economic…

I originally thought that the story of Linda Morrison which will follow after the jump would be all about the Obama campaign completely misreading the situation surrounding a question asked of GOP vice-presidential nominee at a Clinton County, Iowa town hall forum. It turns out that it's actually biased reports from their good friends in the establishment press which led the overeager campaign…

CBS Late Show host David Letterman on Friday accused Republican presidential nominee Mitt Romney of being "a felon." "The man has not paid a nickel in United States federal income tax" (video follows with transcribed highlights and commentary):

On Thursday's NBC Today, in an attempt to deflect from Mitt Romney's strong debate performance, fill-in co-host David Gregory grilled Romney advisor Ed Gillespie on the Governor's tax plan: "...he wants to extend the Bush tax cuts, he wants to have further tax cuts beyond that, he wants to increase military spending and he rejected a 10 to 1 ratio when it came to cutting spending and raising…

Time's assistant managing editor Rana Foroohar could have been mistaken as an Obama campaign flack during CBS's post-presidential debate coverage on Wednesday night, with her claim that "the key issue is, really, taxes, and I think that you have to wonder whether Romney's math adds up." She asserted, "There's a bigger math issue here, and that's whether or not lowering tax rates actually…

A Romney campaign senior adviser blistered CNN's Soledad O'Brien on Wednesday morning, quipping that "I know you have your talking points" before citing an independent study to attack Obama's jobs record. O'Brien later retorted that "Only one person who is spinning at this moment, and that would be you." Romney advisers and supporters could make a habit of mocking Soledad O'Brien's bias on…

In an item which talks about a "secret retreat" planned by eight senators which is so "secret" that it's getting a two-page story, the Politico's John Bresnahan and Jake Sherman write that "If polls stay steady, (House Speaker John) Boehner will be at the helm of a House filled with Republicans disappointed that Obama will have another four years in the White House." Uh, last time I checked,…

The Associated Press, aka the Administration's Press, has been running a series of "Why It Matters" items in the run-up to the presidential election purporting to educate readers about important issues. Reporter Stephen Ohlemacher's contribution to the series concerning Social Security opens with a bald-faced fib, omits the fact that the system's benefit payments and costs have exceed payroll…

Mark Sumner at the Daily Kos demands that reporters point out that supply-side economics is a complete fantasy. "Any politician who promises to right the economy through cutting taxes on the wealthy might as well invoke the Easter Bunny, and any reporter who fails to point this out is failing the public." Conservatives believe in a supply-side Sasquatch? "There is a difference between…

He clearly doesn't suffer from a shortage of chutzpah. According to the Politico's Josh Gerstein, President Barack Obama was asked the following question by The View's Barabara Walters in a Monday appearance to be broadcast on Tuesday: "What would be so terrible if Mitt Romney were elected? Would it be disastrous for the country?" His response: "We can survive a lot. But the American people…

CNN's Candy Crowley on Sunday oddly went counter to the liberal media meme concerning Republican presidential nominee Mitt Romney's taxes. In a State of the Union discussion on the subject with Senators Dick Durbin (D-Ill.) and Lindsey Graham (R-S.C.), Crowley actually said, "It is the IRS system and he took advantage of it which I do, which I assume both of you do" (video follows with…

Repeating a common mythology that a person’s federal income tax rate equals the effective tax rate they actually pay after deductions, ABC’s Jonathan Karl on Friday night forwarded the canard that Mitt Romney’s 14.1 percent rate is lower than what a $75,000 earner pays. NBC’s Peter Alexander, however, correctly noted “the average middle class American family pays roughly 13 percent.” On…

The more I watch MSNBC's Martin Bashir, the more I believe he has difficulty finding the floor in the morning when he wakes up. Consider Thursday's program when he actually told his tiny audience that the rich seeing bigger income gains than the rest of country the past 30 years is "redistribution" (video follows with transcript and commentary):

The same networks that have been hyping secret video of Mitt Romney talking about who pays taxes, hyperventilating about the Republican's "seismic" bombshell," have, thus far, completely ignored the revelation from the Congressional Budget Office that "significantly" more Americans will have to pay a "tax penalty" for being uninsured, many in the middle class. All three evening newscasts on…