Taxes

For the "You didn't build that!" file: Our friends at Americans for Tax Reform (ATR) did some number crunching and calculated that American Olympians who win gold medals this year will face nearly $9,000 in federal income tax per each one earned. Silver medalists would pay just a bit over $5,300. What's more, in undoubtedly one aspect of American exceptionalism that American liberals love,…

Last night (at NewsBusters; at BizzyBlog) I critiqued a short Associated Press item posted earlier Monday by reporter John Hanna which seemed quite alarmed at the notion that "Conservatives in Republicans are turning against moderates in their own party." Hanna expanded his report on Monday. Its apparently final version, time-stamped at 5:16 p.m. at the AP's national site, goes further into…

Gosh, I think John Hanna and the Associated Press need to do something about their use of eliminationist language and violent imagery. Look at how AP headlined Hanna's late morning report on the rise of conservatism in several midwestern and southern states at the likely expense of moderate incumbents (shown in full because of its brevity and for fair use and discussion purposes).

Journalists are quite eager to undermine Mitt Romney’s trip. “A new diplomatic dust-up,” CBS anchor Scott Pelley teased Monday night, citing how “Mitt Romney in the Middle East says culture makes Israelis economically superior to Palestinians.” NBC’s Peter Alexander declared upsetting Palestinians meant Romney’s “day began in Israel with another diplomatic misstep” as ABC’s David Muir saw “…

In his column at the Los Angeles Times today (HT to a NewsBusters tipster), Michael Hiltzik engages in predictable whining about discussions on how to bring the federal deficit under control seem "increasingly to be driven by the wealthy." In the instance he cites, one could substitute "big bank and big company CEOs," who seem to have recently decided that President Obama's Simpson Bowles debt…

You know, President Obama is such a constructive guy. Why, he's a veritable Mr. Sunshine like Chicago Cubs baseball Hall of Famer Ernie Banks. He hardly ever goes after presidential opponent Mitt Romney with harsh criticism. When he does, it's a "rare swipe." That's what Jim Kuhnhenn at the Associated Press told his readers yesterday in his coverage ("New day, old bickering on taxes between…

In an interview with Mitt Romney in London on Wednesday, NBC Nightly News anchor Brian Williams grilled the Republican candidate about releasing more tax returns: "People hear he's not going to release the rest of his returns and they wonder why. They wonder, is there a year there where he paid no taxes? They wonder about expensive horses and houses....what is it that is preventing you from…

Charlie Rose omitted mentioning the continuing high unemployment rate as he interviewed Treasury Secretary Tim Geithner on Tuesday's CBS This Morning. Rose also forwarded a criticism Geithner from the left, that the Cabinet official was "too friendly to the banks, because he knew them from his years at the New York Fed." The anchor also didn't challenge the Obama administration official's…

Gosh, if Apple would only send the money it has parked overseas back to the United States and pay income taxes on it, the federal government's situation would be so much better, the budget would would balance, and ... no, not really. According to Peter Svensson at the Associated Press, the company has $74 billion in cash parked overseas, meaning that it would owe federal income taxes of about $…

In a post-Occupy Wall Street/Buffett Rule world, I bet you'd never expect a liberal news organization to admit that you can't solve all the country's problems by just raising taxes on the rich. The Washington Post did exactly that in an editorial Monday:

If the idea of tax increases is so darned popular, why do journalists "creatively" avoid using the term? Here's an example from a lengthy Saturday report on Democrat Bob Kerrey's U.S. Senate comeback effort in Nebraska by Karen Tumulty at the Washington Post, wherein she describes the 1993 Clinton tax hikes as a "deficit-reduction plan" (bolds are mine):

Norah O'Donnell adopted the left's spin on extending the current tax rates on Friday's CBS This Morning, challenging Rep. Paul Ryan when he asserted that "they're really not tax cuts. We're just talking about keeping taxes where they are." She asked, "You're calling them tax policies and tax code. You're afraid to call them tax cuts now?" O'Donnell laughed when Ryan affirmed that "they're not…

New York Times reporter Jonathan Weisman helped the Democrats's tax-hike agenda in his front-page story Wednesday, "At Fiscal Cliff, Anti-Tax Vow Gets New Look," suggesting Obama's proposed tax hikes were slight and "considerably smaller" by percentage of the U.S. economy than those installed by President Clinton in 1993, as if such an arcane statistic was the only worthwhile one for judging…

On July 13, President Barack Obama told a campaign audience in Roanoke that "If you’ve got a business -- you didn’t build that. Somebody else made that happen." As Geoffrey Dickens at NewsBusters pointed out on Wednesday, it wasn't until July 17 that any of the Big Three broadcast TV news networks recognized the existence of the remark -- and two of them failed to run the actual quote. Part…