Taxes

Barack Obama’s invitation to Warren Buffett’s secretary, Debbie Bosanek, to tonight’s State of the Union Address is bound to please not only Bosanek’s boss but also the liberal media that has allied with Buffett in his mission to raise taxes on the rich. For over 10 years the Berkshire Hathaway CEO has campaigned to sop the wealthy with burdensome taxes, and his friends in the media have been…

Does CNN favor class warfare? They played the part on Tuesday, hyping the negative image Mitt Romney's overseas wealth and low tax rate would present to the average American voter while ignoring his charitable (and tax-deductible) contributions. Host Kyra Phillips warned that Romney's just-released tax records would not sit well with voters earning less income but paying a higher tax rate. "…

After eagerly awaiting the release of Mitt Romney's tax returns, on Tuesday's NBC Today, co-host Matt Lauer immediately wondered how the new information could hurt the Republican presidential candidate, asking chief White House correspondent Chuck Todd: "Do you see any surprises in here, anything that will give his rivals more ammunition?" Todd wasted no time in reciting liberal talking…

Now that Republican presidential candidate Mitt Romney has released some of his recent tax returns, it is quite clear that the Obama-loving media are going to use the information against the former Massachusetts governor in any way they can. Take for example the wire service Reuters who was quick out of the gate early Tuesday morning with the following bogus report (emphasis added):

Tax-cut hostile New York Times reporters Michael Cooper and David Kocieniewski teamed up Thursday in a “news” article that assumed as fact (using a study from a left-of-center “nonpartisan” group) that plans by Republican presidential candidates for reducing tax rates would by design lead to widening deficits and "benefit the wealthiest the most": “Higher Deficits Seen In Romney’s Tax Plan, And…

Charlie Rose ripped a new liberal line of attack on Mitt Romney right out of the New York Times on Thursday's CBS This Morning, as he interviewed top Romney backer Chris Christie. Rose played up that Romney "seems to be dancing around the idea of what his wealth is. This is the New York Times today: 'Romney riches are being seen as new hurdle; complex web of assets is difficult to assess.'"…

In the days following Presidential candidate Mitt Romney's admission that he pays around 15 percent in federal income taxes, the Obama-loving media have been in a full-court press claiming this is less than what most Americans pay. According to last year's report from the Internal Revenue Service, as a function of Adjusted Gross Income, 97 percent of 2009 filers paid less than 15 percent:

In 1998, we learned that Al and Tipper Gore made $353 in deductible charitable contributions against income of $198,000 the previous year. In the decade from 1998-2007, Joe and Jill Biden averaged $369 per year in such reported contributions. Bill and Hillary Clinton were infamous for taking charitable contributions for used underwear. The aforementioned facts are generally not known by…

The more one listens to Newsweek’s Andrew Sullivan, the more one has to conclude that he either knows absolutely nothing about the economy or he’s lying through his teeth. Appearing on CNN’s Anderson Cooper 360 Wednesday evening, Sullivan actually said tax “revenues currently are at 50 year lows” (video follows with transcribed highlights and commentary):

NPR  harped on Mitt Romney's "provocative tax detail" on Wednesday's Morning Edition, highlighting that the GOP presidential candidate "disclosed he's in the same low tax bracket as the billionaire [Warren] Buffett." Correspondent Scott Horsley later used clips from President Obama to accent liberals' class warfare spin about the rich paying a lower tax rate than "millionaires and billionaires…

The Washington Post’s Bob Woodward on Wednesday said “tax returns are a character issue.” This occurred during a lengthy Morning Joe discussion about – what else? - Republican presidential candidate Mitt Romney’s taxes (video follows with transcribed highlights and commentary):

We'll leave it to others to assess the political fallout from Mitt Romney's statement yesterday that he paid about 15% in federal income taxes.  But let's at least get some facts straight. On Morning Joe today, Joe Scarborough claimed that the revelations about Mitt Romney's taxes might be his Dukakis-in-the-tank moment.  Scarborough repeated the shibboleth Warren Buffett put into…

Republican presidential candidate Mitt Romney has up to this point opted not to make his tax returns public. Not surprisingly, Newsweek's Eleanor Clift smells a rat and expressed her conspiratorial opinion during the predictions segment of PBS's McLaughlin Group Friday (video follows with transcript):

I see that the Associated Press's Derek Kravitz is picking up where his colleague Martin Crutsinger left off in offering up incomplete information and inconvenient truth-avoiding coverage of Uncle Sam's financial results as described in the Monthly Treasury Statement. December's statement, which was released yesterday, showed a deficit of $86 billion and a year-to-date shortfall of $322 billion…