
Without a peg to anything in the news, NBC decided Monday night to base a story on a four-year-old contention by a professor that the middle class is worse off now than in the 1970s, followed by a piece promoting Warren Buffett's claim the rich don't pay enough in taxes. In fact, the federal income tax system remains quite progressive. “Not fair,” Brian Williams teased with matching text on screen, “one of the world's richest men tells Tom Brokaw the taxes he pays aren't fair, meaning: Why is his tax rate so low?” Williams later praised Buffett's “brave campaign,” but first he introduced a story on how “the gap between the super-rich and everybody else in this country seems to be growing. The middle class is caught in a kind of financial squeeze.” Reporter Lee Cowan featured the claims of Harvard law professor Elizabeth Warren, a
Huffington Post blogger who wrote a 2003 book about middle class families going broke. She declared: “Today's two-income family actually has less cash to spend than their one-income parents had a generation ago.” Cowan ominously concluded: “A generation ago, the middle class was comfortable. These days, they're comfortable but scared, living on a wing and a prayer.”
Next, Brokaw touted Buffett: “It is well known that Warren Buffett is a contrary billionaire. Unlike most of his fellow billionaires, he believes that they should be paying a higher tax rate Buffett sees a fundamental injustice that he says touches all Americans.” Buffett insisted: “The taxation system has tilted toward the rich and away from the middle class in the last ten years.” Brokaw cued him up: “In your own office...you pay a much lower tax rate with all of your wealth than, say, a receptionist does.”