By Ken Shepherd | August 27, 2014 | 9:35 PM EDT

In his rush to flame-broil Burger King as an unpatriotic fast-food joint looking to skip out on paying its taxes to Uncle Sam, MSNBC Hardball host Chris Matthews sought to enlist the famously pro-free market, pro-capitalism Wall Street Journal. The only problem is his claim is 100 percent Grade A baloney.

"The Wall Street Journal lead editorial today came out against it.... The lead editorial today, surprisingly, attacked this tax scheme," Matthews insisted to guest David Corn of the leftist Mother Jones magazine. In point of fact, the Journal editorial board slammed not corporate "inversion" schemes but the current U.S. tax code, which it called "the reigning world champion in punishing investment and discouraging job creation." [MP3 audio here; video embedded below page break]

By Kyle Drennen | August 27, 2014 | 2:24 PM EDT

As news broke on Tuesday of Burger King buying Tim Hortons and moving its corporate headquarters to Canada, the broadcast networks quickly adopted the liberal talking point that the fast food chain was being unpatriotic by avoiding high U.S. tax rates. On Tuesday's ABC World News, anchor Diane Sawyer proclaimed: "Burger King, home of the Whopper, accused of doing something a lot of Americans question, defecting. Heading north of the border to Canada and saving a lot of tax money." [Listen to the audio or watch the video after the jump]

On Wednesday's Today, correspondent John Yang touted "a whopper of a controversy" over the move and announced: "...just the idea of moving the headquarters to Canada has some once-loyal Burger King subjects ready to revolt....On Burger King's Facebook page, nearly 5,000 posts, most critical. 'You abandon the America that made you and we will abandon you.'"

By Jeffrey Meyer | August 27, 2014 | 10:55 AM EDT

Ever since fast food chain Burger King announced its desire to purchase Canadian coffee and doughnut chain Tim Hortons, CBS has done its best to play up the supposed backlash the company will face as it moves its headquarters overseas to lower its tax burden. 

On Wednesday morning, following the news that billionaire investor Warren Buffett is helping finance the merger, CBS This Morning made sure to hit Buffett from the left with fill-in anchor Anthony Mason going so far as to proclaim that “somebody once said Warren Buffett is a capitalist before he’s a patriot.” [See video below.] 

By Matthew Balan | August 26, 2014 | 5:27 PM EDT

On Tuesday's CNN Newsroom, Carol Costello refreshingly complimented Burger King's planned merger with Canadian restaurant chain Tim Hortons as a "very smart business move" that will "save the company money." Costello turned to CNN correspondent Christine Romans, who spotlighted how "corporate taxes are lower in Canada than they are in the U.S.," and that "the stock is up because everyone on Wall Street...thinks this is going to lower the tax bill for Burger King."

The anchor also brought on Curtis Dubay of the conservative Heritage Foundation, who underlined that "our tax code makes it uncompetitive around the world. And so, they're doing something to get out from under that burden. They're doing what's right for their shareholders and their owners....What has to be done is the tax code has to be reformed. We have to have corporate tax reform." This prompted Costello to lament that Congress probably won't do anything to reform the tax code: [MP3 audio available here; video below the jump]

By Jeffrey Meyer | August 26, 2014 | 9:56 AM EDT

For the second day in a row, CBS did its best to hype opposition to fast food chain Burger King after it announced plans to purchase Canadian coffee and doughnut chain Tim Hortons and relocate to Canada to lower its tax burden. 

On Tuesday, CBS This Morning fill-in anchor Anthony Mason introduced a segment by boosting how “Main street and some in Washington are fuming about the fast food giant's move to Canada.” [See video below.]

By Ken Shepherd | August 25, 2014 | 9:30 PM EDT

Tonight's CBS Evening News spent 63 seconds on the Burger King fast-food chain's plan to merge with Canadian donut chain Tim Hortons, a move which would also relocate the new company to Ontario, Canada,  for "substantial tax savings" where the corporate tax rate is much more favorable for business (15 percent) than the present federal corporate rate (35 percent). 

But while business correspondent Anthony Mason noted that "Burger King could face a backlash if the deal goes through," he failed to present the viewing audience with the rebuttal that conservatives would offer to liberal Democrats -- the rash of "inversion" plans American corporations are executing is proof positive of the need for comprehensive tax reform that lowers the corporate income tax rate -- the better to be globally competitive -- and simplifies the U.S. tax code. Attached below is the transcript of the segment:

By Ken Shepherd | August 25, 2014 | 4:53 PM EDT

"Patriotism may be the last refuge of a scoundrel, as Samuel Johnson put it, but a lack of it may be the last refuge of corporate executives who have run out of ideas on how to improve their business," groused Daily Beast global finance editor Daniel Gross in the open of his 9-paragraph screed "Burger King Plots Canadian Invasion to Save His Faltering Kingdom." "It’s one thing for a fairly anonymous company that sells pumps or valves or industrial products to other businesses to renounce its citizenship for the sake of saving a few bucks on taxes. It’s quite another when you’re an iconic American consumer-facing company that relies on fickle consumers for a large share of its business," Gross fumed. 

By contrast, folks reading coverage of the planned merger at Time.com's money section were treated to an article which actually dealt with the facts rather than diving into overheated political rhetoric. As Time.com's Paul J. Lim explained, "Burger King Wants to Cut its Exposure to Hamburgers, Not Just Taxes" (emphasis mine):