Taxes

$150 billion. That’s “the cost to taxpayers” for President Barack Obama’s proposal to not increase the income tax rate for those earning less than $250,000, White House correspondent Norah O’Donnell bizarrely asserted on Monday’s CBS Evening News. As for Republican nominee Mitt Romney’s desire to keep rates the same for all permanently, O’Donnell fretted: “The cost to taxpayers? An additional $…

Syndicated columnist Charles Krauthammer said Monday that President Obama's proposal to extend the Bush tax cuts for everyone making under $250,000 a year represents a critical white flag. Appearing on Fox News's Special Report, Krauthammer said, "It’s a declaration that he’s surrendered on the state of the economy and on the issue of his stewardship of it."

On Friday's The Ed Show, MSNBC analyst Richard Wolffe - formerly of Newsweek - compared Mitt Romney's economic plan to a "pre-9/11" mentality as he went along with substitute host Michael Eric Dyson's complaint that Republicans are being "clearly obstuctionist" against President Obama's economic agenda. Dyson asked the question:

Liberal media's love for higher taxes is a thing of legends. On Inside Washington Friday, PBS's perpetually pandering pundit Mark Shields told viewers that since 1991, "21 years, Republicans have not voted for a single broad-based tax increase, and that’s become the theology of the party, the ideology of the party, the definition of the party, and that is irresponsible" (video follows with…

After ignoring its own 2009 clip of Obama denying his health-care law was a tax increase, ABC finally played the snippet of the President on Sunday's This Week -- but bizarrely, they failed to mention that it was theirs. Host George Stephanopoulos highlighted an ad from Americans for Prosperity that included the clip, but omitted that he conducted the interview where the President made this…

The day before the Supreme Court ruled ObamaCare's individual mandate constitutional -- as a tax, not as an exercise of the commerce clause -- the mostly-liberal panel at the brand-new 3 p.m. program The Cycle explored the question of what, in the view of the panelists, that government should consider making Americans do against their will. For her part, panelist Krystal Ball insisted that…

In the minutes following the Supreme Court’s controversial decision to uphold ObamaCare, MSNBC's Chuck Todd dismissed opposition to the law as purely partisan politics.  Todd, who is the Chief White House correspondent for NBC News has decided to suddenly become a liberal pundit now that ObamaCare was upheld by the Supreme Court. [Video follows page break;  MP3 audio here.] Todd claims that…

It might sound ridiculous, but Time magazine writer Michael Crowley actually grumbled in an article on Monday that the GOP presidential candidate is “One-Note Mitt” Romney, whose campaign defines this year's election as merely “a referendum on Obama's handling of the economy.” The author then noted that with “almost comical discipline,” Romney “steers virtually every topic” back to the…

We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice. It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to…

To illustrate how factually negligent this afternoon's report by Martin Crutsinger at the Associated Press on the federal government's financial results embodied in its Monthly Treasury Statement was, let's take a look at how Pedro Nicolaci da Costa at Reuters communicated more in a four-sentence brief than the AP reporter did in 18 painful paragraphs. Here is da Costa's item, in full:

Here is yet another "fact check" whose sole purpose is to try to invent reasons that an objectively true statement made by a conservative or Republican really isn't. Monday, the Associated Press's Stephen Ohlemacher tried to claim that "Taxmageddon," the $423 billion tax increase which will take effect on January 1 if Congress and President Obama don't act to prevent it, won't really be the…

President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine." Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed…

Fareed Zakaria on Sunday actually asked former Obama Chief of Staff Rahm Emanuel if the president should "run a campaign against a do-nothing Republican Congress." Such actually transpired on CNN's Fareed Zakaria GPS, a program hysterically presented by the so-called "Most Trusted Name In News" (video follows with transcript and commentary):

Former President Bill Clinton made headlines last week when he told CNBC's Maria Bartiromo the Bush tax cuts should be extended into next year. On ABC's This Week Sunday, Clinton's former adviser turned talk show host George Stephanopoulos asked one of his guests, "Might not he be right on the issue of extending the tax cuts at least for two or three or four months into next year to get over…