Taxes

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…

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…

President Barack Obama has come out strongly against corporations moving their addresses overseas in an attempt to pay lower taxes – while several of his own donors saved money by employing this very tactic, known as “inversion.” Yet, ABC, CBS and NBC have completely ignored that hypocrisy since the president addressed the issue on July 24. White House Deputy Press Secretary Eric Schultz told…

It takes a special man to cram so much wrong into a mere 342 words.  Or an Old Grey Lady. The New York Times’ utterly ridiculous Editorial Board recently as one addressed Title II Internet regulatory Reclassification and Network Neutrality - and they did so in utterly ridiculous fashion.  They either have absolutely no idea what any of this is - or they are lying through their printing…

The federal government reported a $94.6 blllion deficit in July, only marginally better than the $97.6 figure posted in July 2013. As has become its habit, the Associated Press's coverage of that result contained omissions, spin and half-truths about government tax collections, spending and the origins of the Obama administration's first four years of consecutive trillion-dollar deficits.…

Erroneous attacks against the American for Tax Reform’s (ATR) Taxpayer Protection Pledge are nothing new. Liberal Democratic mega-donor Tom Steyer is funding the latest spate of misleading TV ads through his super PAC. The ad  wrongfully attacks Iowa Republican Senate candidate Joni Ernst for signing the Pledge, claiming that the pledge protects tax credits for companies that send jobs overseas…

Here’s something you don’t see every day, a donor for President Obama admitting that America’s corporate tax rate is too high. Mellody Hobson appeared on CBS This Morning on Thursday, August 7 to discuss pharmacy chain Walgreens’ decision to keep its headquarters in the United States. The CBS News contributor opined that even though she agreed with the company’s decision she acknowledged that…

ABC's World News stood out as the sole Big Three evening newscast on Wednesday to not cover the release of Lois Lerner's e-mails, where the former top IRS official slammed conservatives as "a**holes" and "crazies." Instead, the news program devoted full reports to the water main that burst on the campus of UCLA and the controversy over usage charges on cell phone bills. By contrast, NBC…

At the beginning of the July 24 edition of Fast Money, CNBC aired an exclusive interview of President Obama by the network's Steve Liesman focused primarily on taxes and tax reform, particularly the president's call to prevent large corporations from capitalizing on an "inversion" to lessen their federal tax bite. But after the interview was aired, CNBC panelists excoriated the president as "…

Every so often a liberal pundit argues that even though Paul Ryan considers himself Catholic, his beliefs (on economics, at least) are closer to those of Ayn Rand than those of the Vatican. In a Friday piece for AlterNet, atheist writer CJ Werleman, author of books such as God Hates You. Hate Him Back, made a similar but far broader charge, claiming that Republicans in general routinely “…

In an extended screed against the horrors of income inequality, HBO’s John Oliver ripped into his adopted home country for its inaction on this supposedly devastating issue. The British-born Last Week Tonight host showed clip after clip dedicated to furthering his point, stating with sarcasm that the “roaring 20s were famously the party that never ended,” in reference to the looming depression…

At the Associated Press on Friday afternoon, Andrew Taylor, who it should be noted covers Congress and is not routinely on the economics or business beat, relayed an Obama administration prediction that economic growth in 2014 will come in at 2.6 percent. Taylor noted that this estimate, lowered from 3.3 percent, came about because of "the unexpected 2.9 percent drop in gross domestic product…

One of the reasons President Barack Obama and the left can continue to make their cherished "budget stalemate" arguments against conservatives and Republicans is that the establishment press has memory-holed tax increases, including "the largest tax increase in the past two decades," which have already taken place. It now acts as if taxes on "the wealthy," which are really taxes on "high-income…

In a Thursday evening writeup about how the U.S. Fish and Wildlife Service will allow a California wind farm to "become the first in the nation to avoid prosecution if eagles are injured or die when they run into the giant turning blades," reporter Scott Smith at the Associated Press, aka the Administration's Press, took a big gulp of his hi-test White House koolaid, and wrote: "Under President…