Taxes
For days, the broadcast networks have been warning of a nation in “turmoil,” with “outrage” and downright “panic” sweeping across the country. The source of the crisis? Last year’s tax reform law that allowed Americans to keep more of their own money. In short, the media were aghast that some taxpayers were getting smaller refunds or even owing money to the IRS after having less money taken out of their paychecks throughout the year.
Three distinct tax-the-rich proposals are being promoted by Democrats in Congress. Rather than provide a balanced look at those proposals and their potential impact, CNBC.com boosted the calls to raise taxes on the wealthy. A 9-minute, 37-second video published Feb. 8, cited the different “tax the rich” proposals of Rep. Alexandria Ocasio-Cortez, D-N.Y., Sen. Elizabeth Warren, D-Mass., and Sen. Bernie Sanders.
Already a biased journalist on the environment based on his December 30 Meet the Press stunt, MTP Daily host Chuck Todd brought on socialist Congresswoman Alexandria Ocasio-Cortez (D-NY) for Thursday’s show to discuss how she views the 2020 field, the Green New Deal, and socialism. Not surprisingly, he operated on her turf and didn’t pressure her on any of the outlandish, Soviet-style proposals outlined hours earlier in the Green New Deal.
CNN special correspondent and far-left climate activist Bill “ignorant f***sticks” Weir joined afternoon CNN Newsroom host Brooke Baldwin Thursday for a criticism-free lovefest in honor of the Green New Deal. All told, the pair determined it was akin to NASA and a necessary step to save Earth without offering any questions or answers about how this move toward communism would be paid for.
On Monday's New Day show, as Washington Democratic Governor and possible presidential candidate Jay Inslee appeared as a guest, fill-in co-host Poppy Harlow fretted over the public's lack of interest in the issue of climate change as she mostly gave him a friendly forum to promote his views without pressing back on him from the right.
As far-left film maker Michael Moore made guest appearances this past week, on two occasions he spread provably false information as he wrongly claimed that a Fox News poll found that 70 percent of Americans support raising the top marginal tax rate to 70 percent as advocated by New York Democratic Congresswoman and self-described socialist Alexandria Ocasio-Cortez. And, appearing on Friday's The Last Word on MSNBC, he declared that he wished she could be the next Democratic presidential nominee.
Sen. Elizabeth Warren, D-Mass., defended her call for an “ultra-millionaires” annual wealth tax as “how the system is supposed to operate,” and “part of the social contract” of America in a CNBC interview.
Wait, since when did wealth redistribution and punishing the wealthiest by instituting a new tax to take $2.75 trillion away from them for what they’ve accumulated become part of the “social contract” of the U.S.?
Left? Lefter? Leftist? In the quest to see which candidate can be the most liberal, Democratic presidential candidate Sen. Elizabeth Warren called for an “ultra-millionaire tax” to force the wealthy to fork over more to the government.
In Monday’s New York Times, Astead Herndon front-page story from a rally in South Carolina, “To Get Leg Up, Warren Aims to ‘Nerd Out" casts Democratic candidate Elizabeth Warren, who is pushing a hard-left confiscatory tax plan as her political calling card, as endearingly nerdy and wonky (his favorite word): "By the end, she had many in the audience cheering...Ms. Warren is making a personal and political wager that audiences care more about policy savvy than captivating oration."
New York Times political reporter Katie Rogers specializes in fan notes to prominent Democrats, tied the government shutdown to a vintage revolutionary left-wing motif in “A Team of Millionaires Haunted by the Ghost Of Marie Antoinette.” The “Marie Antoinette” vibe could also be detected in Jim Tankersley’s report on Democrat Elizabeth Warren’s confiscatory tax plan: “Warren to Unveil Plan To Raise Taxes on Rich.” The text box is merely a quote from Warren: “It’s time to fundamentally transform our tax code so that we tax the wealth of the ultrarich, not just their income.”
When the annual World Economic Forum opened in Davos, Switzerland, on Tuesday, one of the speakers was U.S. Representative Alexandria Ocasio-Cortez, who declared that “a system that allows billionaires to exist“ is “wrong.” That claim drew a fiery response from Maria Bartiromo, who dismissed the socialist’s proposal to increase the tax rate on wealthy people to 70 percent, a concept the Fox Business Network anchor called “quite naive.”
An article in TheWeek.com entitled "The real lesson of Jeff Bezos' divorce drama? Soak the rich" argues that the Bezos divorce "is a good piece of evidence in the case for confiscatory top marginal tax rates."