Taxes

As a small number of so-called "moderate Democrats" voice opposition to raising taxes in the middle of a weak economic recovery, a movement is surfacing in the liberal media to shout them down and force the expiration of the Bush tax cuts. One such voice is Fareed Zakaria who used the Sunday CNN program bearing his name as well as a Washington Post op-ed Monday to make his dishonest case.…

In her debut Sunday morning as host of ABC’s This Week with Christiane Amanpour, the long-time CNN international correspondent brought a foreigner’s perspective to the program as she treated her lack of knowledge and familiarity with U.S. politics as an asset and the current New York City resident seemed to say that after more than two decades of covering the world she had decided to allow…

During the past week, MSNBC’s Ed Schultz had trouble acknowledging that allowing a tax cut to expire, in effect, is a tax increase, as he debated on the Ed Show the issue of whether the tax cuts passed during the Bush administration – due to expire at the end of this year – should be extended beyond 2010. On Tuesday’s show, even while noting that the top marginal rates would increase from 35 to…

It would appear that someone at CNBC listened to the Mark Levin Show on Thursday. Either that, or someone at the network paid attention to his or her e-mail alerts and read my post that went up in the wee hours Friday morning (at NewsBusters; at BizzyBlog). Likely in response to our criticisms, CNBC has revised and "clarified" a report by CNBC staff writer Jeffrey Cox. The network's revised and…

CNBC.com's Jeff Cox needs to brush up on his financial history. He believes that George W. Bush's 2001 and 2003 tax cuts affected only the highest-earning taxpayers, i.e., those who gross $250,000 a year of more. He's wrong. Here's part of what Cox posted this morning (erroneous statement is bolded; HT to Mark Levin in his Thursday broadcast): Letting Bush Tax Cuts Die Would Kill Recovery:…

The Daily Beast's John Avlon tried to sever the Tea Party movement from the conservative legacy of Ronald Reagan in a Tuesday column on CNN.com. Avlon, a Tea Party hater, opined that a "key difference between Reagan's rhetoric and [the tea party] is the comparative civility," and suggested that "Reagan...would have a hard time getting the GOP nomination today" for apparently not being…

If a congressional Democrat blocks economic relief efforts, and no one bothers to report it, does it really happen? The editors at CNNMoney.com are apparently on a quest to find the answer. After weeks of pounding Republicans for stalling unemployment benefits in the Senate, the site is suddenly disinterested in doing the same to Democrats. The political battle du jour? Republicans and moderate…

Chris Matthews on Monday got a much-needed lesson from Rep. Paul Ryan (R-Wisc.) on how tax hikes impact the budget as well as the economy."Congressman Ryan, is there any tax role for reducing our $1.4 trillion to $1.7 trillion debt this year -- deficit this year?" Matthews asked during the 5PM installment of MSNBC's "Hardball." "Is there any role in tax increasing to help do that job?"When Ryan…

Newsbusters reported earlier on the double standard of MSNBC anchor Contessa Brewer on reporters appearing at fundraisers. During the same news hour, Brewer simply couldn't understand the Republican position on extending the Bush tax cuts for all taxpayers, and jokingly wondered if the Republicans are even human."What I don't get is a lot of the people who are shouting about letting these tax…

If it worked for Germany, it should work for the United States, right? In a July 21 story, AP writer Geir Moulson praised government stimulus for helping Germany "bounce back" from the recession. Moulson highlighted two government stimulus packages totaling $104 billion and a government-sponsored program that cut back workers' hours instead of laying them off as reasons for Germany's endurance…

The truth comes out. Okay, it was always out there. It's just that the Barack Obama and the folks in his administration were denying it. The issue in question is whether the individual mandate and penalties for not purchasing health insurance in the statist health care legislation commonly known as ObamaCare should rightly be considered taxes, or if they are something else. In a report dated…

New York Times writer Matt Bai's Thursday "Political Times" column, "A Risky Campaign Tactic: Unpleasant Truth," heralded the comeback of former liberal Republican Lincoln Chafee, who left the party after losing his re-election bid in 2006 and is running for governor of Rhode Island as an independent. What brave-if-brutal "truth" is Chafee telling? The need for tax hikes, naturally.There's a lot…

It's bad enough the federal government's official budget deficit has topped $1 trillion for the second year in a row, according to the just-released June 2010 Monthly Treasury Statement. But, focusing only on receipts for the moment, a closer look makes it obvious that the situation is even worse than it appears. Don't expect the establishment press to take any interest in the annoying but…

In August 2009, much to the chagrin of leftist environmental activists, the generally liberal electorate of the city of Seattle rejected a 20-cent tax on plastic shopping bags. In fact, 58 percent of voters voted to reject the proposal, although the Seattle Post-Intelligencer sought to portray the vote as the result of the plastic industry plunking down $1.4 million in advertising opposing the…